FY2017 Earnings Estimate for Ctrip.com International Ltd. Issued By Oppenheimer Holdings (CTRP)
Ctrip.com International Ltd. (NASDAQ:CTRP) – Equities research analysts at Oppenheimer Holdings reduced their FY2017 earnings per share (EPS) estimates for Ctrip.com International in a research note issued to investors on Sunday. Oppenheimer Holdings analyst J. Kelly now anticipates that the brokerage will earn $0.11 per share for the year, down from their previous forecast of $0.13. Oppenheimer Holdings currently has a “Outperform” rating and a $55.00 target price on the stock. Oppenheimer Holdings also issued estimates for Ctrip.com International’s FY2018 earnings at $0.54 EPS, FY2019 earnings at $1.05 EPS and FY2020 earnings at $1.64 EPS.
A number of other equities research analysts have also recently issued reports on CTRP. Zacks Investment Research upgraded shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Goldman Sachs Group Inc. started coverage on shares of Ctrip.com International in a research report on Monday, July 25th. They set a “buy” rating and a $52.00 target price for the company. Brean Capital reiterated a “buy” rating on shares of Ctrip.com International in a research report on Tuesday, August 23rd. Morgan Stanley increased their target price on shares of Ctrip.com International from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, August 25th. Finally, Bank of America Corp. set a $53.00 target price on shares of Ctrip.com International and gave the stock a “buy” rating in a research report on Monday, August 29th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.81.
Shares of Ctrip.com International (NASDAQ:CTRP) opened at 42.05 on Tuesday. The firm has a market capitalization of $19.61 billion, a price-to-earnings ratio of 284.12 and a beta of 1.65. Ctrip.com International has a 1-year low of $35.50 and a 1-year high of $57.36. The company’s 50-day moving average is $45.40 and its 200 day moving average is $44.05.
Several institutional investors have recently added to or reduced their stakes in the stock. Shelton Capital Management increased its position in Ctrip.com International by 12.3% in the second quarter. Shelton Capital Management now owns 21,120 shares of the company’s stock valued at $870,000 after buying an additional 2,315 shares in the last quarter. Hillhouse Capital Management Ltd. boosted its stake in shares of Ctrip.com International by 9.2% in the first quarter. Hillhouse Capital Management Ltd. now owns 8,162,855 shares of the company’s stock worth $361,288,000 after buying an additional 687,169 shares during the last quarter. Hillman Co. boosted its stake in shares of Ctrip.com International by 34.1% in the second quarter. Hillman Co. now owns 275,000 shares of the company’s stock worth $11,330,000 after buying an additional 70,000 shares during the last quarter. Baillie Gifford & Co. boosted its stake in shares of Ctrip.com International by 3.2% in the second quarter. Baillie Gifford & Co. now owns 32,863,456 shares of the company’s stock worth $1,353,974,000 after buying an additional 1,017,414 shares during the last quarter. Finally, Natixis boosted its stake in shares of Ctrip.com International by 6.5% in the first quarter. Natixis now owns 21,914 shares of the company’s stock worth $970,000 after buying an additional 1,329 shares during the last quarter. Hedge funds and other institutional investors own 64.69% of the company’s stock.
About Ctrip.com International
Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.
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