Ctrip.com International Ltd. (NASDAQ:CTRP) has been assigned a consensus rating of “Buy” from the twenty-two ratings firms that are currently covering the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $55.77.
A number of analysts have commented on the company. Credit Suisse Group AG assumed coverage on Ctrip.com International in a report on Friday, September 2nd. They set an “outperform” rating and a $58.00 price objective for the company. Piper Jaffray Cos. reissued an “overweight” rating and set a $53.00 price objective (up from $50.00) on shares of Ctrip.com International in a report on Saturday, September 3rd. Brean Capital reissued a “buy” rating and set a $52.00 price objective on shares of Ctrip.com International in a report on Sunday, September 4th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $55.00 price objective on shares of Ctrip.com International in a report on Monday, September 5th. Finally, Vetr raised Ctrip.com International from a “buy” rating to a “strong-buy” rating and set a $54.33 price objective for the company in a report on Tuesday, September 6th.
Shares of Ctrip.com International (NASDAQ:CTRP) opened at 47.08 on Thursday. Ctrip.com International has a 52-week low of $33.31 and a 52-week high of $57.36. The firm has a market capitalization of $21.96 billion, a PE ratio of 311.79 and a beta of 1.47. The stock has a 50 day moving average price of $45.94 and a 200-day moving average price of $44.21.
Ctrip.com International (NASDAQ:CTRP) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The firm earned $664 million during the quarter, compared to analyst estimates of $657.24 million. Ctrip.com International had a return on equity of 0.91% and a net margin of 2.90%. The company’s revenue for the quarter was up 62.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. Equities analysts forecast that Ctrip.com International will post ($0.73) EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTRP. Wexford Capital LP boosted its position in Ctrip.com International by 108.2% in the first quarter. Wexford Capital LP now owns 122,526 shares of the company’s stock valued at $5,423,000 after buying an additional 63,668 shares during the last quarter. Alpine Partners VI LLC purchased a new position in Ctrip.com International during the first quarter valued at $296,000. M&T Bank Corp boosted its position in Ctrip.com International by 19.2% in the first quarter. M&T Bank Corp now owns 15,685 shares of the company’s stock valued at $694,000 after buying an additional 2,526 shares during the last quarter. Blue Rock Advisors LLC purchased a new position in Ctrip.com International during the first quarter valued at $550,000. Finally, Bessemer Group Inc. boosted its position in Ctrip.com International by 28.8% in the first quarter. Bessemer Group Inc. now owns 214,400 shares of the company’s stock valued at $9,489,000 after buying an additional 48,000 shares during the last quarter. 61.86% of the stock is currently owned by hedge funds and other institutional investors.
Ctrip.com International Company Profile
Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.
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