Wells Fargo & Co reiterated their hold rating on shares of Ctrip.Com International (NASDAQ:CTRP) in a research note published on Wednesday morning.
CTRP has been the topic of several other reports. Zacks Investment Research lowered Ctrip.Com International from a hold rating to a sell rating in a research note on Tuesday, July 31st. BidaskClub lowered Ctrip.Com International from a hold rating to a sell rating in a research note on Tuesday, July 10th. UBS Group reduced their price objective on Ctrip.Com International from $52.82 to $50.00 and set a buy rating on the stock in a research note on Monday, August 13th. ValuEngine raised Ctrip.Com International from a sell rating to a hold rating in a research note on Friday, October 12th. Finally, Nomura reduced their price objective on Ctrip.Com International from $52.00 to $49.00 and set a buy rating on the stock in a research note on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $48.85.
Shares of NASDAQ CTRP traded down $0.13 during midday trading on Wednesday, hitting $32.63. The stock had a trading volume of 3,703,914 shares, compared to its average volume of 6,663,227. The firm has a market capitalization of $17.72 billion, a P/E ratio of 55.31, a P/E/G ratio of 1.79 and a beta of 1.76. Ctrip.Com International has a 1-year low of $32.36 and a 1-year high of $51.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 1.35.
Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.13. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.15 billion. Ctrip.Com International had a return on equity of 4.74% and a net margin of 18.11%. On average, equities research analysts expect that Ctrip.Com International will post 0.85 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in CTRP. Cambiar Investors LLC acquired a new position in Ctrip.Com International during the 2nd quarter worth approximately $194,177,000. Winslow Capital Management LLC lifted its position in Ctrip.Com International by 9,329,640.0% during the 2nd quarter. Winslow Capital Management LLC now owns 3,265,409 shares of the company’s stock worth $155,532,000 after acquiring an additional 3,265,374 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Ctrip.Com International by 155.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,416,017 shares of the company’s stock worth $115,075,000 after acquiring an additional 1,471,464 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Ctrip.Com International by 6.8% during the 2nd quarter. OppenheimerFunds Inc. now owns 19,665,726 shares of the company’s stock worth $936,679,000 after acquiring an additional 1,255,050 shares in the last quarter. Finally, New Silk Road Investment PTE Ltd. acquired a new position in Ctrip.Com International during the 3rd quarter worth approximately $37,861,000. 66.56% of the stock is currently owned by hedge funds and other institutional investors.
About Ctrip.Com International
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection and real-time flight status.
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