Ctrip.com International, Ltd. (CTRP) Stock Rating Reaffirmed by Cowen and Company
Cowen and Company restated their buy rating on shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) in a research report released on Monday morning. Cowen and Company currently has a $53.00 price objective on the stock, down from their previous price objective of $60.00.
Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Ctrip.com International from a hold rating to a sell rating in a research report on Tuesday, May 16th. Instinet restated a buy rating and set a $64.00 target price on shares of Ctrip.com International in a research note on Monday, May 15th. BidaskClub cut shares of Ctrip.com International from a strong-buy rating to a buy rating in a research note on Wednesday, June 14th. Stifel Nicolaus raised their target price on shares of Ctrip.com International from $58.00 to $63.00 and gave the stock a buy rating in a research note on Thursday, May 11th. Finally, Oppenheimer Holdings, Inc. restated an outperform rating and set a $62.00 target price (down previously from $65.00) on shares of Ctrip.com International in a research note on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $57.27.
Shares of Ctrip.com International (CTRP) opened at 51.45 on Monday. The firm has a market cap of $26.73 billion, a PE ratio of 735.00 and a beta of 1.71. The stock’s 50 day moving average price is $55.45 and its 200 day moving average price is $52.48. Ctrip.com International has a 12-month low of $39.71 and a 12-month high of $60.65. Ctrip.com International also saw some unusual options trading activity on Wednesday. Investors bought 8,475 put options on the company. This is an increase of approximately 351% compared to the average daily volume of 1,880 put options.
Ctrip.com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.11. Ctrip.com International had a net margin of 4.56% and a return on equity of 1.44%. The firm had revenue of $946.38 million during the quarter, compared to the consensus estimate of $929.55 million. During the same period last year, the business earned $0.02 EPS. The business’s revenue was up 42.5% on a year-over-year basis. On average, equities research analysts predict that Ctrip.com International will post $1.05 EPS for the current fiscal year.
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Several large investors have recently made changes to their positions in CTRP. Highstreet Asset Management Inc. bought a new stake in shares of Ctrip.com International during the second quarter valued at about $121,000. Parallel Advisors LLC raised its stake in shares of Ctrip.com International by 13.0% in the second quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock valued at $123,000 after buying an additional 237 shares during the period. Huntington National Bank raised its stake in shares of Ctrip.com International by 40.5% in the second quarter. Huntington National Bank now owns 2,325 shares of the company’s stock valued at $125,000 after buying an additional 670 shares during the period. IFP Advisors Inc raised its stake in shares of Ctrip.com International by 6.7% in the second quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock valued at $136,000 after buying an additional 157 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Ctrip.com International by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock valued at $143,000 after buying an additional 46 shares during the period. 67.62% of the stock is currently owned by 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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