Ctrip.com International Ltd. (CTRP) Receives Buy Rating from Credit Suisse Group AG
Other analysts also recently issued reports about the stock. Oppenheimer Holdings Inc. reissued an outperform rating and issued a $55.00 target price on shares of Ctrip.com International in a research report on Thursday, August 18th. Piper Jaffray Cos. reissued an overweight rating and issued a $53.00 target price (up from $50.00) on shares of Ctrip.com International in a research report on Saturday, September 3rd. 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 target price for the company. Zacks Investment Research downgraded shares of Ctrip.com International from a hold rating to a sell rating in a research report on Tuesday, November 15th. Finally, HSBC upgraded shares of Ctrip.com International from a hold rating to a buy rating and boosted their price objective for the stock from $46.00 to $53.00 in a research note on Friday, November 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $55.23.
Ctrip.com International (NASDAQ:CTRP) opened at 45.87 on Tuesday. Ctrip.com International has a one year low of $35.50 and a one year high of $55.60. The firm’s 50-day moving average is $0.00 and its 200 day moving average is $0.00.
Ctrip.com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, November 23rd. The company reported $0.17 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $836 million for the quarter. During the same period in the previous year, the firm posted $1.10 earnings per share. The business’s revenue for the quarter was up 61.0% on a year-over-year basis. On average, equities research analysts anticipate that Ctrip.com International will post ($0.72) EPS for the current year.
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A number of hedge funds have recently made changes to their positions in CTRP. Parametrica Management Ltd bought a new stake in shares of Ctrip.com International during the second quarter valued at approximately $208,000. Shinko Asset Management Co. Ltd. bought a new stake in shares of Ctrip.com International during the second quarter valued at approximately $1,207,000. Van Berkom & Associates Inc. increased its stake in shares of 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 shares of 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 period. Finally, Telemus Capital LLC increased its stake in shares of 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 period. Hedge funds and other 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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