Ctrip.Com International (CTRP) Lifted to Outperform at Daiwa Capital Markets

Ctrip.Com International (NASDAQ:CTRP) was upgraded by Daiwa Capital Markets from an “underperform” rating to an “outperform” rating in a report issued on Thursday, The Fly reports.

A number of other brokerages have also commented on CTRP. Benchmark reiterated a “buy” rating on shares of Ctrip.Com International in a report on Tuesday, March 5th. ValuEngine upgraded Ctrip.Com International from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Nomura upped their price target on Ctrip.Com International from $36.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Sanford C. Bernstein upgraded Ctrip.Com International from a “market perform” rating to an “outperform” rating and set a $41.50 price target for the company in a report on Tuesday, March 26th. Finally, BidaskClub upgraded Ctrip.Com International from a “hold” rating to a “buy” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $43.15.

Shares of CTRP stock traded down $1.52 during trading hours on Thursday, reaching $36.14. 446,247 shares of the company’s stock were exchanged, compared to its average volume of 4,018,099. Ctrip.Com International has a fifty-two week low of $25.00 and a fifty-two week high of $51.91. The firm has a market cap of $20.49 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 1.66 and a beta of 1.52. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.27.

Ctrip.Com International (NASDAQ:CTRP) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.22. Ctrip.Com International had a return on equity of 4.28% and a net margin of 4.05%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts predict that Ctrip.Com International will post 1 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC grew its holdings in shares of Ctrip.Com International by 500.0% during the first quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock worth $26,000 after purchasing an additional 500 shares during the last quarter. FTB Advisors Inc. acquired a new position in Ctrip.Com International in the first quarter valued at about $31,000. Parallel Advisors LLC acquired a new position in Ctrip.Com International in the fourth quarter valued at about $32,000. First Mercantile Trust Co. acquired a new position in Ctrip.Com International in the fourth quarter valued at about $35,000. Finally, Cornerstone Advisors Inc. lifted its stake in Ctrip.Com International by 255.7% in the first quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock valued at $36,000 after buying an additional 588 shares during the period. Institutional investors and hedge funds own 65.76% of the company’s stock.

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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