Ctrip.Com International Ltd (CTRP) Stock Rating Reaffirmed by Daiwa Capital Markets
Daiwa Capital Markets reaffirmed their buy rating on shares of Ctrip.Com International Ltd (NASDAQ:CTRP) in a research report sent to investors on Sunday, May 14th. They currently have a $65.00 price target on the stock, up from their previous price target of $55.00.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Ctrip.Com International from a hold rating to a buy rating and set a $51.00 price target on the stock in a report on Friday, February 17th. Stifel Nicolaus reaffirmed a buy rating and set a $58.00 price target on shares of Ctrip.Com International in a report on Saturday, April 22nd. Benchmark Co. began coverage on Ctrip.Com International in a report on Tuesday, April 18th. They set a buy rating and a $60.00 target price on the stock. Credit Suisse Group AG reissued a buy rating on shares of Ctrip.Com International in a report on Tuesday, April 4th. Finally, Instinet reissued a buy rating and set a $61.00 target price on shares of Ctrip.Com International in a report on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $55.23.
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Ctrip.Com International (NASDAQ:CTRP) traded up 0.48% during trading on Friday, reaching $54.94. The company’s stock had a trading volume of 2,166,639 shares. The firm has a 50 day moving average of $51.51 and a 200 day moving average of $46.29. Ctrip.Com International has a 52 week low of $37.36 and a 52 week high of $56.75. The stock has a market capitalization of $28.54 billion, a price-to-earnings ratio of 820.00 and a beta of 1.56.
Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.20. The company had revenue of $730 million for the quarter, compared to analysts’ expectations of $720.91 million. Ctrip.Com International had a negative return on equity of 3.17% and a negative net margin of 11.48%. During the same quarter in the previous year, the company posted $0.11 earnings per share. Analysts expect that Ctrip.Com International will post $0.38 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its position in Ctrip.Com International by 4.1% in the first quarter. Baillie Gifford & Co. now owns 51,643,569 shares of the company’s stock worth $2,538,282,000 after buying an additional 2,041,906 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Ctrip.Com International by 31.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 23,551,572 shares of the company’s stock worth $1,096,797,000 after buying an additional 5,701,896 shares in the last quarter. WCM Investment Management CA raised its position in Ctrip.Com International by 5.9% in the first quarter. WCM Investment Management CA now owns 10,242,560 shares of the company’s stock worth $503,422,000 after buying an additional 571,614 shares in the last quarter. FMR LLC raised its position in Ctrip.Com International by 8.3% in the first quarter. FMR LLC now owns 10,095,100 shares of the company’s stock worth $496,175,000 after buying an additional 772,591 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Ctrip.Com International by 1.2% in the first quarter. Fisher Asset Management LLC now owns 9,819,740 shares of the company’s stock worth $482,640,000 after buying an additional 120,646 shares in the last quarter. 72.13% of the stock is owned by hedge funds and other institutional investors.
About Ctrip.Com International
Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.
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