Nomura Reiterates $37.00 Price Target for Ctrip.Com International (NASDAQ:CTRP)

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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.

Ctrip.Com International (NASDAQ:CTRP) last posted its earnings results on Monday, September 9th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. Ctrip.Com International had a net margin of 5.79% and a return on equity of 3.94%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Ctrip.Com International will post 0.89 earnings per share for the current fiscal year.

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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Analyst Recommendations for Ctrip.Com International (NASDAQ:CTRP)

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