Jefferies Financial Group initiated coverage on shares of Ctrip.Com International (NASDAQ:CTRP) in a research report released on Monday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $47.50 target price on the stock.
Several other equities research analysts also recently commented on the stock. Barclays dropped their price objective on shares of Ctrip.Com International from $48.00 to $45.00 and set an overweight rating on the stock in a report on Wednesday, May 22nd. CICC Research upgraded Ctrip.Com International from a hold rating to a buy rating in a research report on Thursday, May 23rd. Credit Suisse Group upgraded Ctrip.Com International from a neutral rating to an outperform rating and set a $37.20 price target on the stock in a research report on Tuesday, July 16th. Zacks Investment Research cut shares of Ctrip.Com International from a buy rating to a hold rating in a research report on Tuesday, July 23rd. Finally, Daiwa Capital Markets upgraded shares of Ctrip.Com International from an underperform rating to an outperform rating in a research report on Thursday, May 23rd. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Ctrip.Com International presently has a consensus rating of Buy and an average price target of $42.51.
CTRP opened at $34.01 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.27. The stock has a market cap of $19.71 billion, a P/E ratio of 36.29, a price-to-earnings-growth ratio of 2.79 and a beta of 1.57. The business’s fifty day moving average price is $37.56. Ctrip.Com International has a 1 year low of $25.00 and a 1 year high of $46.50.
Several large investors have recently added to or reduced their stakes in CTRP. BlackRock Inc. lifted its stake in Ctrip.Com International by 15.2% in the first quarter. BlackRock Inc. now owns 28,762,422 shares of the company’s stock worth $1,256,629,000 after acquiring an additional 3,805,273 shares during the period. FIL Ltd raised its holdings in Ctrip.Com International by 0.6% in the first quarter. FIL Ltd now owns 4,826,866 shares of the company’s stock worth $210,885,000 after purchasing an additional 30,010 shares in the last quarter. Krane Funds Advisors LLC raised its holdings in Ctrip.Com International by 6.0% in the first quarter. Krane Funds Advisors LLC now owns 2,508,447 shares of the company’s stock worth $109,594,000 after purchasing an additional 141,805 shares in the last quarter. Northern Trust Corp raised its holdings in Ctrip.Com International by 1.6% in the first quarter. Northern Trust Corp now owns 2,487,763 shares of the company’s stock worth $108,690,000 after purchasing an additional 38,458 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. raised its holdings in Ctrip.Com International by 6.1% in the first quarter. Kontiki Capital Management HK Ltd. now owns 2,446,840 shares of the company’s stock worth $106,902,000 after purchasing an additional 140,300 shares in the last quarter. 62.28% of the stock is owned by hedge funds and other institutional investors.
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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