Ctrip’s (CTRP) Buy Rating Reaffirmed at Barclays

Barclays reiterated their buy rating on shares of Ctrip (NASDAQ:CTRP) in a research report sent to investors on Thursday. Barclays currently has a $52.00 price objective on the stock.

A number of other equities research analysts have also issued reports on the company. BidaskClub lowered Ctrip from a hold rating to a sell rating in a research report on Tuesday, April 17th. Zacks Investment Research raised Ctrip from a sell rating to a hold rating in a research report on Monday, March 19th. JPMorgan Chase dropped their target price on Ctrip from $45.00 to $43.00 and set a neutral rating on the stock in a research report on Monday, March 19th. Nomura raised their price target on Ctrip from $55.00 to $57.00 and gave the company a buy rating in a research note on Monday, March 19th. Finally, Wells Fargo restated a hold rating and issued a $46.00 price target on shares of Ctrip in a research note on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Ctrip has a consensus rating of Hold and a consensus price target of $54.79.

Shares of Ctrip stock opened at $42.65 on Thursday. Ctrip has a 52-week low of $42.36 and a 52-week high of $60.65. The company has a market capitalization of $21,889.69, a P/E ratio of 74.82, a PEG ratio of 4.12 and a beta of 1.80. The company has a current ratio of 1.40, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34.

Ctrip (NASDAQ:CTRP) last announced its earnings results on Wednesday, March 14th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $987.54 million during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. research analysts forecast that Ctrip will post 0.52 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new position in Ctrip in the fourth quarter valued at approximately $212,000. Dumac Inc. grew its stake in Ctrip by 92.8% in the fourth quarter. Dumac Inc. now owns 5,205 shares of the company’s stock valued at $230,000 after purchasing an additional 2,505 shares in the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Ctrip during the 4th quarter worth approximately $353,000. Buckingham Asset Management LLC bought a new position in shares of Ctrip during the 4th quarter worth approximately $396,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Ctrip by 1,860.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,000 shares of the company’s stock worth $441,000 after acquiring an additional 9,490 shares during the period. Hedge funds and other institutional investors own 69.24% of the company’s stock.

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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.

Analyst Recommendations for Ctrip (NASDAQ:CTRP)

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