Ctrip.Com International (NASDAQ:CTRP) PT Lowered to $43.00
Ctrip.Com International (NASDAQ:CTRP) had its price objective lowered by analysts at Bank of America from $49.00 to $43.00 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price objective suggests a potential upside of 20.52% from the company’s current price.
A number of other brokerages have also commented on CTRP. Oppenheimer decreased their price objective on shares of Ctrip.Com International from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Tuesday. Daiwa Capital Markets raised shares of Ctrip.Com International from an “underperform” rating to an “outperform” rating in a report on Thursday, May 23rd. Benchmark decreased their price objective on shares of Ctrip.Com International from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley lowered shares of Ctrip.Com International from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $43.00 to $35.00 in a report on Tuesday. Finally, BidaskClub raised shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Ctrip.Com International has a consensus rating of “Buy” and an average price target of $41.68.
Shares of Ctrip.Com International stock traded up $0.85 during mid-day trading on Wednesday, reaching $35.68. 147,487 shares of the stock were exchanged, compared to its average volume of 4,151,854. The company has a market cap of $19.28 billion, a price-to-earnings ratio of 37.93, a price-to-earnings-growth ratio of 2.57 and a beta of 1.64. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $34.62 and a 200 day simple moving average of $38.06. Ctrip.Com International has a fifty-two week low of $25.00 and a fifty-two week high of $46.50.
Several hedge funds and other institutional investors have recently modified their holdings of CTRP. Nuveen Asset Management LLC bought a new position in shares of Ctrip.Com International in the 2nd quarter valued at about $142,052,000. BlackRock Inc. boosted its stake in Ctrip.Com International by 15.2% during the 1st quarter. BlackRock Inc. now owns 28,762,422 shares of the company’s stock worth $1,256,629,000 after acquiring an additional 3,805,273 shares during the last quarter. Acadian Asset Management LLC bought a new position in Ctrip.Com International during the 1st quarter worth approximately $87,080,000. Artisan Partners Limited Partnership boosted its stake in Ctrip.Com International by 3,758.0% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,871,417 shares of the company’s stock worth $81,762,000 after acquiring an additional 1,822,910 shares during the last quarter. Finally, WT Asset Management Ltd bought a new position in Ctrip.Com International during the 1st quarter worth approximately $7,683,000. 62.56% of the stock is currently owned by institutional investors.
Ctrip.Com International Company Profile
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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