Ctrip (NASDAQ:CTRP) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
Other research analysts have also issued research reports about the company. TheStreet raised Ctrip from a “c+” rating to a “b-” rating in a report on Monday, March 12th. Deutsche Bank began coverage on Ctrip in a report on Monday, February 5th. They set a “hold” rating and a $50.00 target price for the company. Nomura lifted their target price on Ctrip from $55.00 to $57.00 and gave the company a “buy” rating in a report on Monday, March 19th. Wells Fargo began coverage on Ctrip in a report on Tuesday, January 30th. They set a “market perform” rating and a $50.00 price objective for the company. Finally, TH Capital lowered Ctrip from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Ctrip currently has an average rating of “Hold” and an average target price of $53.25.
Ctrip opened at $42.80 on Wednesday, MarketBeat reports. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. The stock has a market cap of $23.11 billion, a price-to-earnings ratio of 72.54, a P/E/G ratio of 5.03 and a beta of 1.83. Ctrip has a twelve month low of $42.19 and a twelve month high of $43.12.
Ctrip (NASDAQ:CTRP) last posted its earnings results on Wednesday, March 14th. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The company had revenue of $987.54 million for the quarter, compared to analysts’ expectations of $1 billion. Ctrip had a net margin of 8.00% and a return on equity of 2.64%. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. sell-side analysts expect that Ctrip will post 0.5 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in Ctrip by 3.1% in the 4th quarter. BlackRock Inc. now owns 16,615,770 shares of the company’s stock worth $732,755,000 after buying an additional 497,017 shares during the last quarter. Fisher Asset Management LLC lifted its position in Ctrip by 2.7% in the 4th quarter. Fisher Asset Management LLC now owns 10,068,453 shares of the company’s stock worth $444,019,000 after buying an additional 264,807 shares during the last quarter. Tybourne Capital Management HK Ltd. bought a new stake in Ctrip in the 4th quarter worth approximately $169,917,000. Standard Life Aberdeen plc lifted its position in Ctrip by 11.0% in the 4th quarter. Standard Life Aberdeen plc now owns 3,708,562 shares of the company’s stock worth $163,547,000 after buying an additional 368,539 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Ctrip by 7.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,492,068 shares of the company’s stock worth $116,181,000 after buying an additional 164,291 shares during the last quarter. 69.05% of the stock is owned by institutional investors.
Ctrip Company Profile
Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China. The company operates as an agent for hotel-related transactions; sells air tickets; and 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 flight dynamics.
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