Ctrip.Com International (CTRP) Reaches New 12-Month Low at $32.82

Ctrip.Com International Ltd (NASDAQ:CTRP)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $32.82 and last traded at $32.86, with a volume of 225919 shares traded. The stock had previously closed at $34.95.

Several equities analysts recently commented on CTRP shares. BidaskClub raised shares of Ctrip.Com International from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 13th. Zacks Investment Research lowered shares of Ctrip.Com International from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 9th. Wells Fargo & Co dropped their price target on shares of Ctrip.Com International from $46.00 to $42.00 and set a “market perform” rating for the company in a research report on Thursday, September 6th. ValuEngine raised shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Finally, TheStreet lowered shares of Ctrip.Com International from a “b-” rating to a “c+” rating in a research report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $48.85.

The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $17.72 billion, a PE ratio of 55.31, a P/E/G ratio of 1.79 and a beta of 1.76.

Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.13. Ctrip.Com International had a net margin of 18.11% and a return on equity of 4.74%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.15 billion. On average, analysts expect that Ctrip.Com International Ltd will post 0.85 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC grew its stake in Ctrip.Com International by 36.3% during the third quarter. Cornerstone Wealth Management LLC now owns 138,305 shares of the company’s stock worth $2,501,000 after buying an additional 36,871 shares during the period. Seven Eight Capital LP purchased a new position in shares of Ctrip.Com International in the third quarter valued at $12,949,000. Sumitomo Life Insurance Co. purchased a new position in shares of Ctrip.Com International in the third quarter valued at $123,000. Rothschild Investment Corp IL boosted its stake in shares of Ctrip.Com International by 31.9% in the third quarter. Rothschild Investment Corp IL now owns 19,729 shares of the company’s stock valued at $733,000 after purchasing an additional 4,770 shares during the period. Finally, BB&T Corp purchased a new position in shares of Ctrip.Com International in the third quarter valued at $895,000. Institutional investors own 66.56% of the company’s stock.

About Ctrip.Com International (NASDAQ:CTRP)

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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