Ctrip.com International, Ltd. (CTRP) Price Target Cut to $58.00
Ctrip.com International, Ltd. (NASDAQ:CTRP) had its price target decreased by Benchmark Co. from $61.00 to $58.00 in a report published on Thursday, Marketbeat.com reports. Benchmark Co. currently has a buy rating on the stock.
Several other equities analysts also recently issued reports on the stock. Cowen and Company reissued a buy rating and set a $60.00 price target on shares of Ctrip.com International in a report on Wednesday, July 19th. Instinet reissued a buy rating and set a $64.00 price target on shares of Ctrip.com International in a report on Monday, May 15th. Daiwa Capital Markets reissued a buy rating and set a $65.00 price target (up from $55.00) on shares of Ctrip.com International in a report on Sunday, May 14th. Bank of America Corporation set a $64.00 price target on shares of Ctrip.com International and gave the company a buy rating in a report on Friday, May 12th. Finally, BidaskClub downgraded shares of Ctrip.com International from a strong-buy rating to a buy rating in a report on Wednesday, June 14th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ctrip.com International has an average rating of Buy and an average target price of $57.38.
Shares of Ctrip.com International (NASDAQ CTRP) opened at 50.63 on Thursday. The firm has a 50 day moving average of $55.29 and a 200 day moving average of $52.52. Ctrip.com International has a 52 week low of $39.71 and a 52 week high of $60.65. The firm has a market cap of $26.30 billion, a price-to-earnings ratio of 723.29 and a beta of 1.69.
Ctrip.com International (NASDAQ:CTRP) last issued its earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.11. Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. The business had revenue of $946.38 million for the quarter, compared to analyst estimates of $929.55 million. During the same quarter last year, the firm posted $0.02 earnings per share. Ctrip.com International’s revenue was up 42.5% on a year-over-year basis. Equities analysts predict that Ctrip.com International will post $0.97 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in CTRP. Highstreet Asset Management Inc. bought a new position in shares of Ctrip.com International in the second quarter worth 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 worth $123,000 after acquiring an additional 237 shares during the last quarter. 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 worth $125,000 after acquiring an additional 670 shares during the last quarter. 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 worth $136,000 after acquiring an additional 157 shares during the last quarter. 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 worth $143,000 after acquiring an additional 46 shares during the last quarter. 67.62% of the stock is owned by institutional investors.
About Ctrip.com International
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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