Ctrip.Com International Ltd (CTRP) Given Consensus Rating of “Buy” by Analysts

Ctrip.Com International Ltd (NASDAQ:CTRP) has earned a consensus rating of “Buy” from the twenty-two research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $44.79.

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Ctrip.Com International from a “market perform” rating to an “outperform” rating and set a $41.50 target price on the stock in a report on Tuesday, March 26th. Zacks Investment Research upgraded shares of Ctrip.Com International from a “sell” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Friday, March 8th. Nomura raised their target price on shares of Ctrip.Com International from $36.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Barclays raised their target price on shares of Ctrip.Com International from $38.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, Mizuho reiterated a “hold” rating on shares of Ctrip.Com International in a research note on Tuesday, March 5th.

Several institutional investors have recently modified their holdings of CTRP. Bank of New York Mellon Corp lifted its stake in shares of Ctrip.Com International by 7.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,131,415 shares of the company’s stock valued at $42,055,000 after buying an additional 75,205 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Ctrip.Com International by 217.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,910 shares of the company’s stock valued at $442,000 after buying an additional 8,160 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Ctrip.Com International by 109.6% during the 3rd quarter. Panagora Asset Management Inc. now owns 32,162 shares of the company’s stock valued at $1,195,000 after buying an additional 16,818 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ctrip.Com International by 19.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,349,756 shares of the company’s stock valued at $50,218,000 after buying an additional 223,629 shares in the last quarter. Finally, AMP Capital Investors Ltd lifted its stake in shares of Ctrip.Com International by 8.4% during the 3rd quarter. AMP Capital Investors Ltd now owns 32,226 shares of the company’s stock valued at $1,228,000 after buying an additional 2,505 shares in the last quarter. Institutional investors and hedge funds own 65.88% of the company’s stock.

CTRP stock traded up $0.48 on Friday, hitting $44.43. The company had a trading volume of 3,048,398 shares, compared to its average volume of 5,101,724. Ctrip.Com International has a 12-month low of $25.00 and a 12-month high of $51.91. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $24.03 billion, a P/E ratio of 47.27, a P/E/G ratio of 1.93 and a beta of 1.55.

Ctrip.Com International (NASDAQ:CTRP) last issued its earnings results on Monday, March 4th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.19. Ctrip.Com International had a net margin of 4.05% and a return on equity of 4.28%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.04 billion. As a group, equities analysts predict that Ctrip.Com International will post 1 earnings per share for the current year.

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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Analyst Recommendations for Ctrip.Com International (NASDAQ:CTRP)

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