Credit Suisse Group upgraded shares of Ctrip.Com International (NASDAQ:CTRP) from a neutral rating to an outperform rating in a research note published on Tuesday morning, 24/7 WallStreet reports. They currently have $37.20 price target on the stock.
A number of other equities research analysts also recently weighed in on the company. Daiwa Capital Markets upgraded Ctrip.Com International from an underperform rating to an outperform rating in a research report on Thursday, May 23rd. Zacks Investment Research upgraded Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price for the company in a research report on Monday, July 8th. Mizuho upgraded Ctrip.Com International from a neutral rating to a buy rating and boosted their target price for the stock from $35.00 to $55.00 in a research report on Monday, May 6th. Barclays set a $34.00 target price on DCP Midstream and gave the stock a hold rating in a research report on Wednesday, May 22nd. Finally, BidaskClub downgraded Xencor from a sell rating to a strong sell rating in a research report on Tuesday, June 11th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $42.22.
Ctrip.Com International stock traded up $0.27 on Tuesday, reaching $38.28. The company’s stock had a trading volume of 77,365 shares, compared to its average volume of 2,958,218. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $20.96 billion, a P/E ratio of 41.22, a price-to-earnings-growth ratio of 2.88 and a beta of 1.56. The company’s fifty day moving average is $36.14. Ctrip.Com International has a twelve month low of $25.00 and a twelve month high of $46.50.
Ctrip.Com International (NASDAQ:CTRP) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.22. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Ctrip.Com International had a return on equity of 3.61% and a net margin of 14.70%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, equities research analysts forecast that Ctrip.Com International will post 0.87 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTRP. Norges Bank bought a new stake in Ctrip.Com International in the fourth quarter valued at about $120,953,000. BlackRock Inc. increased its holdings in Ctrip.Com International by 15.2% in the first quarter. BlackRock Inc. now owns 28,762,422 shares of the company’s stock valued at $1,256,629,000 after purchasing an additional 3,805,273 shares during the last quarter. RWC Asset Advisors US LLC bought a new stake in Ctrip.Com International in the fourth quarter valued at about $62,012,000. Acadian Asset Management LLC bought a new stake in Ctrip.Com International in the first quarter valued at about $87,080,000. Finally, Artisan Partners Limited Partnership increased its holdings in Ctrip.Com International by 3,758.0% in the first quarter. Artisan Partners Limited Partnership now owns 1,871,417 shares of the company’s stock valued at $81,762,000 after purchasing an additional 1,822,910 shares during the last quarter. Institutional investors and hedge funds own 62.16% 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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