Ctrip.Com International’s (CTRP) “Neutral” Rating Reaffirmed at UBS Group

UBS Group reaffirmed their neutral rating on shares of Ctrip.Com International (NASDAQ:CTRP) in a research note published on Friday, www.benzinga.com reports.

A number of other equities analysts have also weighed in on CTRP. Nomura lowered Ctrip.Com International from a buy rating to a neutral rating and lowered their price objective for the stock from $49.00 to $36.00 in a research note on Friday. Deutsche Bank set a $24.00 price objective on Ctrip.Com International and gave the stock a hold rating in a research note on Thursday. Barclays set a $35.00 price objective on Ctrip.Com International and gave the stock a buy rating in a research note on Friday. Zacks Investment Research lowered Ctrip.Com International from a buy rating to a hold rating in a research note on Tuesday, July 24th. Finally, BidaskClub lowered Ctrip.Com International from a sell rating to a strong sell rating in a research note on Friday, July 20th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Ctrip.Com International has a consensus rating of Hold and an average price target of $40.63.

NASDAQ CTRP traded down $1.76 on Friday, reaching $26.13. 9,926,955 shares of the company were exchanged, compared to its average volume of 5,839,413. The firm has a market capitalization of $18.63 billion, a P/E ratio of 44.29, a price-to-earnings-growth ratio of 2.64 and a beta of 1.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.35 and a current ratio of 1.35. Ctrip.Com International has a fifty-two week low of $25.78 and a fifty-two week high of $51.91.

Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.06. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Ctrip.Com International had a return on equity of 4.72% and a net margin of 9.73%. During the same quarter in the previous year, the company posted $0.41 earnings per share. As a group, sell-side analysts forecast that Ctrip.Com International will post 0.87 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Sumitomo Life Insurance Co. acquired a new position in shares of Ctrip.Com International in the 3rd quarter valued at $123,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Ctrip.Com International by 1,257.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock valued at $172,000 after buying an additional 3,419 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Ctrip.Com International by 174.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock valued at $179,000 after buying an additional 2,383 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Ctrip.Com International by 339.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 12,800 shares of the company’s stock valued at $181,000 after buying an additional 9,888 shares during the period. Finally, 180 Wealth Advisors LLC purchased a new stake in shares of Ctrip.Com International in the 2nd quarter valued at $201,000. 66.85% of the stock is currently owned by institutional investors and hedge funds.

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 and real-time flight status.

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

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