ValuEngine upgraded shares of Ctrip.Com International (NASDAQ:CTRP) from a sell rating to a hold rating in a research report released on Thursday.
A number of other equities analysts also recently commented on the stock. Oppenheimer set a $47.00 price objective on shares of Ctrip.Com International and gave the stock a buy rating in a report on Tuesday, October 23rd. BidaskClub downgraded shares of Ctrip.Com International from a sell rating to a strong sell rating in a report on Tuesday, October 23rd. Barclays set a $45.00 price objective on shares of Ctrip.Com International and gave the stock a buy rating in a report on Thursday, October 18th. Wells Fargo & Co reaffirmed a hold rating on shares of Ctrip.Com International in a report on Wednesday, October 17th. Finally, Bank of America reduced their price objective on shares of Ctrip.Com International from $54.00 to $50.00 and set a buy rating for the company in a report on Friday, September 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $48.31.
Shares of NASDAQ:CTRP traded up $0.09 during midday trading on Thursday, reaching $34.97. 4,184,839 shares of the company’s stock were exchanged, compared to its average volume of 5,081,667. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 59.27, a PEG ratio of 4.08 and a beta of 1.76. Ctrip.Com International has a 12 month low of $29.66 and a 12 month high of $51.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.35 and a current ratio of 1.35.
Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.13. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.15 billion. Ctrip.Com International had a net margin of 18.11% and a return on equity of 4.74%. Sell-side analysts forecast that Ctrip.Com International will post 0.51 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Sumitomo Life Insurance Co. bought a new position in Ctrip.Com International during the 3rd quarter valued at about $123,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Ctrip.Com International by 1,257.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock valued at $172,000 after purchasing an additional 3,419 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Ctrip.Com International by 174.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock valued at $179,000 after purchasing an additional 2,383 shares during the last quarter. 180 Wealth Advisors LLC bought a new position in Ctrip.Com International during the 2nd quarter valued at about $201,000. Finally, Canandaigua National Bank & Trust Co. bought a new position in Ctrip.Com International during the 2nd quarter valued at about $225,000. 66.75% of the stock is owned by hedge funds and other institutional investors.
Ctrip.Com International Company Profile
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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