Ctrip.com International, Ltd. (NASDAQ:CTRP) was upgraded by TheStreet from a “c+” rating to a “b” rating in a research report issued on Thursday.
Several other brokerages also recently issued reports on CTRP. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $62.00 price target (down from $65.00) on shares of Ctrip.com International in a report on Friday, August 25th. BidaskClub downgraded Ctrip.com International from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Cowen and Company reiterated a “buy” rating and issued a $60.00 price target on shares of Ctrip.com International in a report on Tuesday, August 22nd. Benchmark Co. lowered their price target on Ctrip.com International from $61.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Finally, Zacks Investment Research downgraded Ctrip.com International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $57.42.
Shares of Ctrip.com International (CTRP) opened at $46.40 on Thursday. The company has a market capitalization of $23,814.34, a price-to-earnings ratio of 77.33 and a beta of 1.79. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40. Ctrip.com International has a twelve month low of $39.71 and a twelve 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 firm had revenue of $946.38 million for the quarter, compared to analyst estimates of $929.55 million. Ctrip.com International had a return on equity of 2.92% and a net margin of 8.92%. The company’s quarterly revenue was up 42.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 earnings per share. research analysts predict that Ctrip.com International will post 0.24 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of CTRP. Highstreet Asset Management Inc. bought a new position in Ctrip.com International in the second quarter worth about $121,000. Parallel Advisors LLC lifted its holdings in Ctrip.com International by 13.0% in the second quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock worth $123,000 after acquiring an additional 237 shares during the last quarter. Huntington National Bank lifted its holdings in Ctrip.com International by 40.5% in the second quarter. Huntington National Bank now owns 2,325 shares of the company’s stock worth $125,000 after acquiring an additional 670 shares during the last quarter. IFP Advisors Inc lifted its holdings in Ctrip.com International by 6.7% in the second quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock worth $136,000 after acquiring an additional 157 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in 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 worth $143,000 after acquiring an additional 46 shares during the last quarter. 67.68% of the stock is currently owned by hedge funds and other 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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