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.
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.
Further Reading: Cost of Capital
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