Ctrip (NASDAQ:CTRP) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
CTRP has been the subject of several other research reports. Guggenheim downgraded Ctrip from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. TheStreet downgraded Ctrip from a “b” rating to a “c+” rating in a research report on Monday, January 22nd. Deutsche Bank assumed coverage on Ctrip in a research report on Monday, February 5th. They issued a “hold” rating and a $50.00 price objective for the company. Wells Fargo assumed coverage on Ctrip in a research report on Tuesday, January 30th. They issued a “market perform” rating and a $50.00 price objective for the company. Finally, JPMorgan Chase lowered their price objective on Ctrip from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Monday, March 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.25.
Shares of CTRP stock opened at $42.80 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Ctrip has a fifty-two week low of $42.19 and a fifty-two week high of $43.12. The company has a market capitalization of $23.11 billion, a price-to-earnings ratio of 72.54, a P/E/G ratio of 5.03 and a beta of 1.83.
Ctrip (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, March 14th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Ctrip had a net margin of 8.00% and a return on equity of 2.64%. The company had revenue of $987.54 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 35.3% compared to the same quarter last year. equities analysts predict that Ctrip will post 0.5 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Ctrip by 1,257.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock valued at $172,000 after buying an additional 3,419 shares during the period. Baldwin Investment Management LLC purchased a new position in shares of Ctrip during the first quarter valued at approximately $208,000. Point72 Asia Hong Kong Ltd increased its stake in shares of Ctrip by 3,674.8% during the first quarter. Point72 Asia Hong Kong Ltd now owns 4,492 shares of the company’s stock valued at $209,000 after buying an additional 4,373 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of Ctrip during the fourth quarter valued at approximately $212,000. Finally, IHT Wealth Management LLC increased its stake in shares of Ctrip by 46.3% during the first quarter. IHT Wealth Management LLC now owns 4,633 shares of the company’s stock valued at $212,000 after buying an additional 1,467 shares during the period. 69.05% of the stock is currently owned by hedge funds and other institutional investors.
Ctrip Company Profile
Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China. The company operates as an agent for hotel-related transactions; sells air tickets; and 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 and flight dynamics.
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