Ctrip.com International Ltd. (CTRP) Earns Outperform Rating from Oppenheimer Holdings Inc.
Ctrip.com International Ltd. (NASDAQ:CTRP)‘s stock had its “outperform” rating restated by analysts at Oppenheimer Holdings Inc. in a research report issued to clients and investors on Wednesday. They currently have a $55.00 price target on the stock. Oppenheimer Holdings Inc.’s price objective would indicate a potential upside of 19.90% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Piper Jaffray Cos. restated an “overweight” rating and issued a $53.00 price target (up previously from $50.00) on shares of Ctrip.com International in a report on Saturday, September 3rd. Zacks Investment Research upgraded shares of Ctrip.com International from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday. JPMorgan Chase & Co. began coverage on shares of Ctrip.com International in a research report on Wednesday, August 31st. They issued an “overweight” rating and a $53.00 price objective on the stock. HSBC raised shares of Ctrip.com International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $53.00 in a research report on Friday, November 25th. Finally, Brean Capital reaffirmed a “buy” rating on shares of Ctrip.com International in a research report on Friday, November 25th. One analyst has rated the stock with a sell rating, one has given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.23.
Shares of Ctrip.com International (NASDAQ:CTRP) traded down 1.55% on Wednesday, reaching $45.16. 1,963,591 shares of the company were exchanged. The stock has a market capitalization of $22473.06 billion, a price-to-earnings ratio of 4.44 and a beta of 1.65. The firm’s 50 day moving average price is $44.37 and its 200 day moving average price is $43.99. 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 posted its quarterly earnings results on Wednesday, November 23rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.11 by $0.06. Ctrip.com International had a negative net margin of 11.48% and a negative return on equity of 3.17%. The business earned $836 million during the quarter. During the same quarter in the prior year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 61.0% compared to the same quarter last year. Equities research analysts anticipate that Ctrip.com International will post ($0.72) EPS for the current year.
Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its position in Ctrip.com International by 139.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,045,580 shares of the company’s stock worth $43,078,000 after buying an additional 609,284 shares in the last quarter. British Columbia Investment Management Corp boosted its position in Ctrip.com International by 151.1% in the second quarter. British Columbia Investment Management Corp now owns 76,600 shares of the company’s stock worth $3,156,000 after buying an additional 46,100 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Ctrip.com International by 173.3% in the second quarter. Gulf International Bank UK Ltd now owns 83,580 shares of the company’s stock worth $3,443,000 after buying an additional 53,000 shares in the last quarter. Newport Asia LLC boosted its position in Ctrip.com International by 121.0% in the second quarter. Newport Asia LLC now owns 776,000 shares of the company’s stock worth $31,971,000 after buying an additional 424,800 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in Ctrip.com International by 5.3% in the second quarter. Fisher Asset Management LLC now owns 9,814,889 shares of the company’s stock worth $410,066,000 after buying an additional 492,598 shares in the last quarter. Institutional investors own 71.30% of the company’s stock.
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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