Ctrip.Com International (NASDAQ:CTRP) announced its earnings results on Monday. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04, Morningstar.com reports. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Ctrip.Com International had a net margin of 5.79% and a return on equity of 3.94%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS.
NASDAQ:CTRP opened at $36.12 on Thursday. The firm’s fifty day moving average price is $34.62 and its 200 day moving average price is $38.06. Ctrip.Com International has a 1-year low of $25.00 and a 1-year high of $46.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.56 and a beta of 1.64.
A number of equities analysts have recently commented on CTRP shares. Morgan Stanley cut shares of Ctrip.Com International from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $43.00 to $35.00 in a report on Tuesday. CICC Research raised shares of Ctrip.Com International from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. UBS Group set a $40.00 target price on shares of Ctrip.Com International and gave the company a “hold” rating in a report on Tuesday. Credit Suisse Group raised shares of Ctrip.Com International from a “neutral” rating to an “outperform” rating and set a $37.20 target price on the stock in a report on Tuesday, July 16th. Finally, Jefferies Financial Group started coverage on shares of Ctrip.Com International in a report on Monday, August 5th. They issued a “buy” rating and a $47.50 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $41.78.
Large investors have recently bought and sold shares of the stock. Wasatch Advisors Inc. grew its position in Ctrip.Com International by 3.8% in the 1st quarter. Wasatch Advisors Inc. now owns 1,580,300 shares of the company’s stock valued at $69,043,000 after buying an additional 57,401 shares during the last quarter. KBC Group NV grew its position in Ctrip.Com International by 29.0% in the 2nd quarter. KBC Group NV now owns 141,538 shares of the company’s stock valued at $5,224,000 after buying an additional 31,842 shares during the last quarter. Kontiki Capital Management HK Ltd. grew its position in Ctrip.Com International by 6.1% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 2,446,840 shares of the company’s stock valued at $106,902,000 after buying an additional 140,300 shares during the last quarter. Bank of Montreal Can grew its position in Ctrip.Com International by 78.8% in the 2nd quarter. Bank of Montreal Can now owns 1,107,919 shares of the company’s stock valued at $40,893,000 after buying an additional 488,105 shares during the last quarter. Finally, AIA Group Ltd purchased a new position in Ctrip.Com International in the 2nd quarter valued at $21,153,000. Hedge funds and other institutional investors own 62.56% of the company’s stock.
About Ctrip.Com International
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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