Cowen and Company Reiterates “Buy” Rating for Ctrip.com International, Ltd. (CTRP)
Cowen and Company reaffirmed their buy rating on shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) in a research report report published on Sunday. Cowen and Company currently has a $57.00 target price on the stock.
Several other analysts have also weighed in on CTRP. BidaskClub lowered shares of Ctrip.com International from a strong-buy rating to a buy rating in a research report on Saturday, August 12th. Zacks Investment Research lowered shares of Ctrip.com International from a strong-buy rating to a hold rating in a research report on Tuesday, August 8th. Instinet reiterated a buy rating and set a $61.00 target price on shares of Ctrip.com International in a research report on Tuesday, September 5th. Benchmark Co. decreased 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 report on Thursday, August 31st. Finally, Oppenheimer Holdings, Inc. reiterated a buy rating and set a $62.00 target price on shares of Ctrip.com International in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $58.25.
Ctrip.com International (NASDAQ:CTRP) opened at 54.31 on Friday. The firm has a 50-day moving average of $52.90 and a 200-day moving average of $53.58. The company has a market cap of $28.56 billion, a PE ratio of 170.79 and a beta of 1.69. Ctrip.com International has a one year low of $39.71 and a one year high of $60.65.
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. On average, analysts predict that Ctrip.com International will post $0.86 EPS for the current year.
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Large investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its position in Ctrip.com International by 19.8% in the second quarter. US Bancorp DE now owns 37,531 shares of the company’s stock valued at $2,021,000 after buying an additional 6,208 shares in the last quarter. Hillman Co. raised its stake 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 acquiring an additional 75,833 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Ctrip.com International in the first quarter worth about $669,000. Legal & General Group Plc raised its stake in shares of Ctrip.com International by 2.8% in the second quarter. Legal & General Group Plc now owns 743,142 shares of the company’s stock worth $40,025,000 after acquiring an additional 20,299 shares during the last quarter. Finally, Kayak Investment Partners LLC raised its stake 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 acquiring an additional 58,464 shares during the last quarter. Hedge funds and other institutional investors own 67.60% 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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