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.

Ctrip.Com International (NASDAQ:CTRP) last announced its earnings results on Monday, September 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Ctrip.Com International had a net margin of 5.79% and a return on equity of 3.94%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. On average, research analysts predict that Ctrip.Com International will post 0.89 EPS for the current fiscal year.

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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Analyst Recommendations for Ctrip.Com International (NASDAQ:CTRP)

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