Ctrip.Com International’s (CTRP) Buy Rating Reaffirmed at Instinet
Instinet reissued their buy rating on shares of Ctrip.Com International Ltd (NASDAQ:CTRP) in a research report report published on Monday morning. The brokerage currently has a $64.00 price objective on the stock.
Several other brokerages have also commented on CTRP. Zacks Investment Research raised Ctrip.Com International from a sell rating to a hold rating in a research note on Wednesday, May 10th. Stifel Nicolaus boosted their price target on Ctrip.Com International from $58.00 to $63.00 and gave the stock a buy rating in a research note on Thursday, May 11th. Daiwa Capital Markets reissued a buy rating and set a $65.00 price target (up previously from $55.00) on shares of Ctrip.Com International in a research note on Sunday, May 14th. Cowen and Company cut their price objective on Ctrip.Com International from $29.00 to $27.00 and set a neutral rating for the company in a research report on Thursday, May 11th. Finally, Oppenheimer Holdings Inc. restated an outperform rating and set a $65.00 price objective (up from $60.00) on shares of Ctrip.Com International in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have given 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 target price of $55.23.
Shares of Ctrip.Com International (NASDAQ:CTRP) traded up 1.03% during trading on Monday, hitting $56.04. The company’s stock had a trading volume of 1,016,798 shares. The company has a 50-day moving average price of $51.00 and a 200-day moving average price of $45.97. The stock has a market cap of $29.11 billion, a PE ratio of 836.42 and a beta of 1.56. Ctrip.Com International has a one year low of $37.36 and a one year high of $56.75.
Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.20. The business had revenue of $730 million for the quarter, compared to analyst estimates of $720.91 million. Ctrip.Com International had a negative return on equity of 3.17% and a negative net margin of 11.48%. During the same quarter in the previous year, the company earned $0.11 EPS. Equities analysts predict that Ctrip.Com International will post $0.38 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Nippon Life Insurance Co. boosted its stake in shares of Ctrip.Com International by 3.4% in the third quarter. Nippon Life Insurance Co. now owns 2,273 shares of the company’s stock worth $106,000 after buying an additional 74 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Ctrip.Com International by 0.5% in the first quarter. IHT Wealth Management LLC now owns 3,202 shares of the company’s stock worth $157,000 after buying an additional 15 shares during the period. Rathbone Brothers plc acquired a new stake in shares of Ctrip.Com International during the first quarter worth $203,000. Sit Investment Associates Inc. boosted its stake in shares of Ctrip.Com International by 13.8% in the first quarter. Sit Investment Associates Inc. now owns 4,125 shares of the company’s stock worth $203,000 after buying an additional 500 shares during the period. Finally, Baldwin Investment Management LLC acquired a new stake in shares of Ctrip.Com International during the first quarter worth $206,000. 72.13% 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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