Ctrip.com International, Ltd. (CTRP) PT Lowered to $52.00

Ctrip.com International, Ltd. (NASDAQ:CTRP) had its target price cut by equities researchers at Benchmark Co. from $58.00 to $52.00 in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Benchmark Co.’s target price suggests a potential upside of 12.07% from the stock’s current price.

CTRP has been the topic of a number of other reports. Cowen and Company reaffirmed a “buy” rating and issued a $53.00 price target (down from $60.00) on shares of Ctrip.com International in a research note on Monday, August 28th. Zacks Investment Research downgraded shares of Ctrip.com International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Bank of America Corporation reaffirmed a “buy” rating and issued a $58.00 price target on shares of Ctrip.com International in a research note on Sunday, September 3rd. Barclays PLC assumed coverage on shares of Ctrip.com International in a research note on Monday, October 9th. They issued an “overweight” rating and a $62.00 price target on the stock. Finally, BidaskClub downgraded shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $57.42.

Ctrip.com International (NASDAQ CTRP) opened at $46.40 on Thursday. The company has a market capitalization of $23.85 billion, a price-to-earnings ratio of 77.43 and a beta of 1.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.58 and a current ratio of 1.58.

Ctrip.com International (NASDAQ:CTRP) last posted its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.11). Ctrip.com International had a return on equity of 3.00% and a net margin of 8.92%. The company had revenue of $946.38 million during the quarter, compared to analyst estimates of $929.55 million. During the same period last year, the company posted $0.02 earnings per share. The company’s revenue was up 42.5% compared to the same quarter last year. equities research analysts predict that Ctrip.com International will post 0.24 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its position 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 valued at $143,000 after purchasing an additional 46 shares during the last quarter. Baldwin Investment Management LLC grew its position in shares of Ctrip.com International by 2.0% in the second quarter. Baldwin Investment Management LLC now owns 4,283 shares of the company’s stock valued at $231,000 after purchasing an additional 85 shares during the last quarter. Rathbone Brothers plc grew its position in shares of Ctrip.com International by 2.8% in the second quarter. Rathbone Brothers plc now owns 4,255 shares of the company’s stock valued at $229,000 after purchasing an additional 115 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Ctrip.com International by 0.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 14,281 shares of the company’s stock valued at $769,000 after purchasing an additional 117 shares during the last quarter. Finally, GRATRY & Co LLC grew its position in shares of Ctrip.com International by 2.5% in the second quarter. GRATRY & Co LLC now owns 6,100 shares of the company’s stock valued at $329,000 after purchasing an additional 150 shares during the last quarter. 67.63% of the stock is currently owned by institutional investors.

Ctrip.com International Company Profile

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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