Nomura set a $37.00 price objective on Ctrip.Com International (NASDAQ:CTRP) in a research note published on Tuesday, TipRanks reports. The brokerage currently has a hold rating on the stock.
Several other equities research analysts also recently commented on the stock. Benchmark lowered their target price on shares of Ctrip.Com International from $48.00 to $46.00 and set a buy rating for the company in a research note on Tuesday. Jefferies Financial Group began coverage on shares of Ctrip.Com International in a report on Monday, August 5th. They set a buy rating and a $47.50 target price for the company. Morgan Stanley cut shares of Ctrip.Com International from an overweight rating to an equal weight rating and cut their price target for the company from $43.00 to $35.00 in a research note on Tuesday. Daiwa Capital Markets upgraded shares of Ctrip.Com International from an underperform rating to an outperform rating in a research note on Thursday, May 23rd. Finally, Oppenheimer lowered their price target on shares of Ctrip.Com International from $46.00 to $44.00 and set an outperform rating on the stock in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $41.68.
CTRP traded up $0.87 during trading on Tuesday, hitting $35.70. The stock had a trading volume of 544,926 shares, compared to its average volume of 4,151,854. The firm has a market cap of $19.36 billion, a PE ratio of 37.98, a P/E/G ratio of 2.57 and a beta of 1.64. Ctrip.Com International has a 12 month low of $25.00 and a 12 month high of $46.50. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $34.62 and a 200-day simple moving average of $38.06.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Ctrip.Com International by 15.2% in the first quarter. BlackRock Inc. now owns 28,762,422 shares of the company’s stock valued at $1,256,629,000 after buying an additional 3,805,273 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Ctrip.Com International by 0.7% in the second quarter. Vanguard Group Inc. now owns 13,962,651 shares of the company’s stock valued at $515,362,000 after buying an additional 95,725 shares in the last quarter. FIL Ltd grew its stake in shares of Ctrip.Com International by 0.6% in the first quarter. FIL Ltd now owns 4,826,866 shares of the company’s stock valued at $210,885,000 after buying an additional 30,010 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Ctrip.Com International in the second quarter valued at $142,052,000. Finally, Pictet Asset Management Ltd. grew its stake in shares of Ctrip.Com International by 21.4% in the second quarter. Pictet Asset Management Ltd. now owns 3,699,728 shares of the company’s stock valued at $136,557,000 after buying an additional 650,951 shares in the last quarter. 62.56% of the stock is owned by institutional investors and hedge funds.
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.
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