Ctrip.Com International (CTRP) Upgraded to “Buy” by CICC Research

Ctrip.Com International (NASDAQ:CTRP) was upgraded by equities research analysts at CICC Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, The Fly reports.

CTRP has been the topic of a number of other reports. Zacks Investment Research cut shares of Ctrip.Com International from a “buy” rating to a “hold” rating in a report on Friday, January 25th. BidaskClub cut shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Wednesday. Mizuho reaffirmed a “hold” rating on shares of Ctrip.Com International in a report on Tuesday, March 5th. Morgan Stanley raised shares of Ctrip.Com International from an “equal” rating to an “overweight” rating and lifted their target price for the company from $32.00 to $43.00 in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. upgraded shares of Ctrip.Com International from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $33.00 to $45.00 in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. Ctrip.Com International presently has a consensus rating of “Buy” and a consensus target price of $43.15.

NASDAQ CTRP opened at $37.66 on Thursday. 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 has a one year low of $25.00 and a one year high of $51.91. The company has a market capitalization of $20.49 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 1.66 and a beta of 1.52.

Ctrip.Com International (NASDAQ:CTRP) last posted its quarterly earnings data on Monday, March 4th. The company reported $0.01 EPS for the quarter, beating 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.04 billion. Equities research analysts anticipate that Ctrip.Com International will post 1 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC raised its stake in Ctrip.Com International by 500.0% in the 1st quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock valued at $26,000 after purchasing an additional 500 shares during the last quarter. FTB Advisors Inc. purchased a new position in shares of Ctrip.Com International during the 1st quarter valued at approximately $31,000. Parallel Advisors LLC purchased a new position in shares of Ctrip.Com International during the 4th quarter valued at approximately $32,000. First Mercantile Trust Co. purchased a new position in shares of Ctrip.Com International during the 4th quarter valued at approximately $35,000. Finally, Cornerstone Advisors Inc. boosted its stake in shares of Ctrip.Com International by 255.7% during the 1st 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 last quarter. Institutional investors own 65.76% 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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Analyst Recommendations for Ctrip.Com International (NASDAQ:CTRP)

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