CICC Research upgraded shares of Ctrip.Com International (NASDAQ:CTRP) from a hold rating to a buy rating in a report released on Thursday morning, The Fly reports.
Several other brokerages also recently commented on CTRP. Benchmark restated a buy rating on shares of Ctrip.Com International in a research report on Tuesday, March 5th. ValuEngine upgraded shares of Ctrip.Com International from a sell rating to a hold rating in a research report on Tuesday, March 5th. Nomura raised their price objective on shares of Ctrip.Com International from $36.00 to $44.00 and gave the company a neutral rating in a research report on Thursday, March 7th. Sanford C. Bernstein upgraded shares of Ctrip.Com International from a market perform rating to an outperform rating and set a $41.50 price objective on the stock in a research report on Tuesday, March 26th. Finally, BidaskClub upgraded shares of Ctrip.Com International from a hold rating to a buy rating in a research report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $43.15.
Shares of CTRP stock opened at $35.18 on Thursday. The firm has a market cap of $19.03 billion, a PE ratio of 37.43, a PEG ratio of 1.66 and a beta of 1.52. Ctrip.Com International has a one year low of $25.00 and a one year high of $51.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.15.
A number of institutional investors and hedge funds have recently bought and sold shares of CTRP. BlackRock Inc. grew its stake in Ctrip.Com International by 37.9% during the fourth quarter. BlackRock Inc. now owns 24,957,149 shares of the company’s stock valued at $675,341,000 after acquiring an additional 6,861,461 shares in the last quarter. Norges Bank purchased a new position in Ctrip.Com International during the fourth quarter valued at $120,953,000. RWC Asset Advisors US LLC purchased a new position in Ctrip.Com International during the fourth quarter valued at $62,012,000. Renaissance Technologies LLC grew its stake in Ctrip.Com International by 334.1% during the first quarter. Renaissance Technologies LLC now owns 2,937,200 shares of the company’s stock valued at $128,326,000 after acquiring an additional 2,260,600 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Ctrip.Com International during the first quarter valued at $87,080,000. 65.76% of the stock is owned by institutional investors.
About Ctrip.Com International
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, express security check, and real-time flight status.
Recommended Story: The risks of owning bonds
Receive News & Ratings for Ctrip.Com International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip.Com International and related companies with MarketBeat.com's FREE daily email newsletter.