Ctrip.Com International (NASDAQ:CTRP) Given a $40.00 Price Target at Cowen

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Ctrip.Com International (NASDAQ:CTRP) has been given a $40.00 price target by stock analysts at Cowen in a research note issued on Friday, The Fly reports. The firm presently has a “buy” rating on the stock. Cowen’s target price indicates a potential upside of 12.30% from the company’s previous close.

Other equities analysts have also issued research reports about the company. UBS Group set a $40.00 price objective on Ctrip.Com International and gave the stock a “hold” rating in a report on Tuesday, September 10th. Daiwa Capital Markets raised Ctrip.Com International from an “underperform” rating to an “outperform” rating in a report on Thursday, May 23rd. Jefferies Financial Group initiated coverage on Ctrip.Com International in a report on Monday, August 5th. They set a “buy” rating and a $47.50 price objective on the stock. Zacks Investment Research lowered Ctrip.Com International from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, Oppenheimer dropped their price objective on Ctrip.Com International from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $41.68.

Shares of CTRP stock traded down $0.39 during mid-day trading on Friday, hitting $35.62. 119,546 shares of the stock were exchanged, compared to its average volume of 4,461,564. The stock’s fifty day simple moving average is $34.53 and its two-hundred day simple moving average is $38.08. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 37.84, a P/E/G ratio of 49.52 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 debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.07.

Ctrip.Com International (NASDAQ:CTRP) last issued its quarterly earnings data on Monday, September 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. Ctrip.Com International had a return on equity of 3.91% and a net margin of 5.79%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. On average, research analysts expect that Ctrip.Com International will post 0.7 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC lifted its position in Ctrip.Com International by 500.0% in the first quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock valued at $26,000 after purchasing an additional 500 shares during the period. Assetmark Inc. lifted its position in Ctrip.Com International by 1,737.0% in the second quarter. Assetmark Inc. now owns 845 shares of the company’s stock valued at $31,000 after purchasing an additional 799 shares during the period. Cornerstone Advisors Inc. lifted its position in Ctrip.Com International by 255.7% in the first quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock valued at $36,000 after purchasing an additional 588 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in Ctrip.Com International in the second quarter valued at about $44,000. Finally, Rehmann Capital Advisory Group lifted its position in Ctrip.Com International by 2,377.8% in the first quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the company’s stock valued at $58,000 after purchasing an additional 1,284 shares during the period. Institutional investors and hedge funds own 62.56% of the company’s stock.

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, express security check, and real-time flight status.

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The Fly

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

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