ValuEngine Upgrades Ctrip.Com International (CTRP) to Hold

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ValuEngine upgraded shares of Ctrip.Com International (NASDAQ:CTRP) from a sell rating to a hold rating in a report issued on Friday morning.

A number of other analysts also recently weighed in on CTRP. BidaskClub downgraded shares of Ctrip.Com International from a buy rating to a hold rating in a report on Saturday, June 23rd. Zacks Investment Research raised shares of Ctrip.Com International from a hold rating to a strong-buy rating and set a $56.00 price target for the company in a report on Monday, June 25th. Cowen reaffirmed a buy rating and set a $51.00 price objective on shares of Ctrip.Com International in a report on Sunday, July 1st. TheStreet raised shares of Ctrip.Com International from a c+ rating to a b- rating in a report on Monday, June 18th. Finally, Wells Fargo & Co reduced their price objective on shares of Ctrip.Com International from $46.00 to $42.00 and set a market perform rating for the company in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Ctrip.Com International presently has an average rating of Hold and a consensus target price of $49.23.

Ctrip.Com International stock traded up $3.50 during mid-day trading on Friday, reaching $38.65. The company had a trading volume of 13,454,006 shares, compared to its average volume of 5,037,265. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 1.35. Ctrip.Com International has a 52 week low of $33.00 and a 52 week high of $55.88. The company has a market cap of $20.10 billion, a PE ratio of 65.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.76.

Ctrip.Com International (NASDAQ:CTRP) last issued its quarterly earnings results on Wednesday, September 5th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.15 billion. Analysts expect that Ctrip.Com International will post 0.92 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of 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 worth $172,000 after purchasing an additional 3,419 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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 worth $179,000 after purchasing an additional 2,383 shares in the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of Ctrip.Com International during the 2nd quarter worth about $201,000. Point72 Asia Hong Kong Ltd increased its position in shares of Ctrip.Com International by 3,674.8% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 4,492 shares of the company’s stock worth $209,000 after purchasing an additional 4,373 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in shares of Ctrip.Com International during the 2nd quarter worth about $225,000. 66.56% of the stock is owned by 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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Analyst Recommendations for Ctrip.Com International (NASDAQ:CTRP)

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