Ctrip.com International Ltd. (CTRP) Upgraded to “Buy” by Zacks Investment Research
Ctrip.com International Ltd. (NASDAQ:CTRP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $51.00 price objective on the stock. Zacks Investment Research’s target price would suggest a potential upside of 11.18% from the company’s current price.
According to Zacks, “Ctrip.com International, Ltd. is a leading travel service provider of hotel accommodations, airline tickets and packaged-tours in China. Ctrip aggregates information on hotels and flights and enables customers to make informed and cost-effective hotel and flight bookings. Ctrip targets primarily business and leisure travelers in China who do not travel in group. These travelers form a traditionally under-served yet fast-growing segment of the China travel industry. Ctrip has experienced substantial growth and become one of the best-known travel brands in China. “
CTRP has been the topic of a number of other reports. Bank of America Corp. set a $53.00 price objective on Ctrip.com International and gave the company a “buy” rating in a report on Monday, August 29th. Credit Suisse Group AG assumed coverage on Ctrip.com International in a report on Friday, September 2nd. They issued an “outperform” rating and a $58.00 price objective on the stock. Piper Jaffray Cos. reissued an “overweight” rating and issued a $53.00 price objective (up from $50.00) on shares of Ctrip.com International in a report on Saturday, September 3rd. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $55.00 price objective on shares of Ctrip.com International in a report on Monday, September 5th. Finally, Vetr raised Ctrip.com International from a “hold” rating to a “buy” rating and set a $52.50 price objective on the stock in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.23.
Ctrip.com International (NASDAQ:CTRP) traded up 2.53% during mid-day trading on Tuesday, hitting $45.87. The stock had a trading volume of 7,527,201 shares. Ctrip.com International has a one year low of $35.50 and a one year high of $55.60. The company has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00.
Ctrip.com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, November 23rd. The company reported $0.17 earnings per share 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 negative return on equity of 3.28% and a negative net margin of 11.48%. The firm’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. On average, equities analysts predict that Ctrip.com International will post ($0.72) earnings per share for the current year.
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Large investors have recently bought and sold shares of the stock. Huntington National Bank bought a new stake in Ctrip.com International during the second quarter valued at approximately $102,000. Nippon Life Insurance Co. boosted its stake in Ctrip.com International by 3.4% in the third quarter. Nippon Life Insurance Co. now owns 2,273 shares of the company’s stock valued at $106,000 after buying an additional 74 shares during the period. Seven Bridges Advisors LLC boosted its stake in Ctrip.com International by 66.2% in the second quarter. Seven Bridges Advisors LLC now owns 4,134 shares of the company’s stock valued at $170,000 after buying an additional 1,646 shares during the period. Tower Research Capital LLC TRC boosted its stake in Ctrip.com International by 132.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,135 shares of the company’s stock valued at $170,000 after buying an additional 2,355 shares during the period. Finally, Parametrica Management Ltd acquired a new stake in Ctrip.com International during the second quarter valued at about $208,000. 71.30% of the stock is owned by hedge funds and other institutional investors.
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.
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