Ctrip (NASDAQ:CTRP) has received an average rating of “Hold” from the twenty-one ratings firms that are covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $55.00.
Several analysts recently commented on CTRP shares. Zacks Investment Research upgraded Ctrip from a “sell” rating to a “hold” rating in a report on Monday, March 19th. Guggenheim cut Ctrip from a “buy” rating to a “neutral” rating in a report on Tuesday, January 23rd. BidaskClub upgraded Ctrip from a “hold” rating to a “buy” rating in a report on Saturday, February 24th. Oppenheimer restated an “outperform” rating and set a $53.00 price target on shares of Ctrip in a report on Friday, January 26th. Finally, Wells Fargo restated a “hold” rating and set a $46.00 price target on shares of Ctrip in a report on Thursday, March 15th.
Several institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC acquired a new position in shares of Ctrip during the third quarter worth approximately $212,000. MetLife Investment Advisors LLC acquired a new position in shares of Ctrip during the fourth quarter worth approximately $212,000. Dumac Inc. raised its position in shares of Ctrip by 92.8% during the fourth quarter. Dumac Inc. now owns 5,205 shares of the company’s stock worth $230,000 after purchasing an additional 2,505 shares during the period. Fieldpoint Private Securities LLC acquired a new position in shares of Ctrip during the third quarter worth approximately $263,000. Finally, AlphaStar Capital Management LLC acquired a new position in shares of Ctrip during the third quarter worth approximately $265,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.
Ctrip (NASDAQ:CTRP) last announced its earnings results on Wednesday, March 14th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Ctrip had a net margin of 8.00% and a return on equity of 2.64%. The company had revenue of $987.54 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the company earned $0.32 earnings per share. The business’s revenue was up 35.3% on a year-over-year basis. research analysts expect that Ctrip will post 0.52 earnings per share for the current year.
Ctrip Company Profile
Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China. The company operates as an agent for hotel-related transactions; sells air tickets; and 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 flight dynamics.
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