Ctrip.com International Ltd. (NASDAQ:CTRP)‘s stock had its “buy” rating reiterated by research analysts at Brean Capital in a report issued on Friday.

The analysts wrote, “Consolidation of the domestic travel market and continued efforts to build one-stop travel ecosystem warrants both growth as well as operating leverage ahead.”

A number of other brokerages have also recently issued reports on CTRP. Credit Suisse Group AG began coverage on shares of Ctrip.com International in a research note on Friday, September 2nd. They issued an “outperform” rating and a $58.00 price objective on the stock. Vetr upgraded shares of Ctrip.com International from a “buy” rating to a “strong-buy” rating and set a $54.33 target price on the stock in a research report on Tuesday, September 6th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $55.00 target price on shares of Ctrip.com International in a research report on Monday, September 5th. Piper Jaffray Cos. restated an “overweight” rating and issued a $53.00 target price (up previously from $50.00) on shares of Ctrip.com International in a research report on Saturday, September 3rd. Finally, Bank of America Corp. set a $53.00 target price on shares of Ctrip.com International and gave the company a “buy” rating in a research report on Monday, August 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Ctrip.com International currently has an average rating of “Buy” and a consensus price target of $55.81.

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

Shares of Ctrip.com International (NASDAQ:CTRP) opened at 40.99 on Friday. The company has a 50 day moving average of $0.00 and a 200-day moving average of $0.00. Ctrip.com International has a 52-week low of $35.50 and a 52-week high of $55.60.

Ctrip.com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, November 23rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. The business had revenue of $836 million for the quarter. Ctrip.com International had a net margin of 2.90% and a return on equity of 0.91%. The business’s revenue was up 61.0% compared to the same quarter last year. During the same period last year, the business earned $1.10 earnings per share. On average, analysts forecast that Ctrip.com International will post ($0.72) earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Van Berkom & Associates Inc. increased its stake in Ctrip.com International by 4.3% in the second quarter. Van Berkom & Associates Inc. now owns 102,580 shares of the company’s stock valued at $4,226,000 after buying an additional 4,200 shares during the period. Boston Common Asset Management LLC increased its stake in Ctrip.com International by 0.4% in the second quarter. Boston Common Asset Management LLC now owns 14,075 shares of the company’s stock valued at $580,000 after buying an additional 60 shares during the last quarter. Telemus Capital LLC increased its stake in Ctrip.com International by 21.7% in the second quarter. Telemus Capital LLC now owns 6,618 shares of the company’s stock valued at $273,000 after buying an additional 1,182 shares during the last quarter. TB Alternative Assets Ltd. increased its stake in Ctrip.com International by 105.8% in the second quarter. TB Alternative Assets Ltd. now owns 1,135,900 shares of the company’s stock valued at $46,799,000 after buying an additional 584,000 shares during the last quarter. Finally, Harding Loevner LP increased its stake in Ctrip.com International by 3.6% in the second quarter. Harding Loevner LP now owns 6,633,324 shares of the company’s stock valued at $273,293,000 after buying an additional 228,112 shares during the last quarter. 68.30% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Brean Capital Reiterates Buy Rating for Ctrip.com International Ltd. (CTRP)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this article can be viewed at https://www.thecerbatgem.com/2016/11/25/brean-capital-reiterates-buy-rating-for-ctrip-com-international-ltd-ctrp.html.

Ctrip.com International Company Profile

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.

5 Day Chart for NASDAQ:CTRP

Receive News & Stock Ratings for Ctrip.com International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip.com International Ltd. and related stocks with our FREE daily email newsletter.