Q3 2017 Earnings Forecast for Ctrip.com International, Ltd. (CTRP) Issued By KeyCorp
Ctrip.com International, Ltd. (NASDAQ:CTRP) – KeyCorp reduced their Q3 2017 earnings per share (EPS) estimates for shares of Ctrip.com International in a research note issued on Thursday. KeyCorp analyst H. Chung now anticipates that the company will post earnings of $0.06 per share for the quarter, down from their previous estimate of $0.14. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Ctrip.com International’s FY2017 earnings at $0.15 EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.24 EPS and Q4 2018 earnings at $0.15 EPS.
Several other equities analysts have also recently commented on the stock. Bank of America Corporation reissued a “buy” rating and set a $58.00 target price on shares of Ctrip.com International in a research note on Sunday. Cowen and Company reissued a “buy” rating and set a $57.00 target price on shares of Ctrip.com International in a research note on Sunday. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $62.00 target price on shares of Ctrip.com International in a research note on Thursday, August 31st. Benchmark Co. lowered their target price on shares of Ctrip.com International from $61.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. Finally, BidaskClub cut shares of Ctrip.com International from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $57.79.
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Shares of Ctrip.com International (NASDAQ:CTRP) opened at 50.63 on Monday. The stock has a market cap of $26.30 billion, a P/E ratio of 723.29 and a beta of 1.69. The company’s 50-day moving average is $55.29 and its 200-day moving average is $52.52. Ctrip.com International has a 12-month low of $39.71 and a 12-month high of $60.65.
Ctrip.com International (NASDAQ:CTRP) last released 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. The company had revenue of $946.38 million for the quarter, compared to analysts’ expectations of $929.55 million. Ctrip.com International had a return on equity of 1.41% and a net margin of 4.56%. The firm’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 EPS.
Institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE boosted its holdings in shares of Ctrip.com International by 19.8% in the second quarter. US Bancorp DE now owns 37,531 shares of the company’s stock worth $2,021,000 after buying an additional 6,208 shares during the period. Hillman Co. boosted its holdings in shares of Ctrip.com International by 12.6% in the second quarter. Hillman Co. now owns 677,052 shares of the company’s stock worth $36,466,000 after buying an additional 75,833 shares during the period. Capital One National Association boosted its holdings in shares of Ctrip.com International by 25.2% in the first quarter. Capital One National Association now owns 8,161 shares of the company’s stock worth $401,000 after buying an additional 1,645 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Ctrip.com International in the first quarter worth about $669,000. Finally, Kayak Investment Partners LLC boosted its holdings in shares of Ctrip.com International by 25.1% in the first quarter. Kayak Investment Partners LLC now owns 291,449 shares of the company’s stock worth $14,325,000 after buying an additional 58,464 shares during the period. Institutional investors own 67.62% of the company’s stock.
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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