Ctrip.Com International (NASDAQ:CTRP) Coverage Initiated by Analysts at Jefferies Financial Group

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.

Ctrip.Com International (NASDAQ:CTRP) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Ctrip.Com International had a net margin of 14.70% and a return on equity of 3.61%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS. As a group, sell-side analysts forecast that Ctrip.Com International will post 0.87 EPS for the current fiscal year.

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

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