Ctrip.Com International (CTRP) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Ctrip.Com International (NASDAQ:CTRP) from a strong sell rating to a sell rating in a research note issued to investors on Saturday morning.

Several other research firms have also recently commented on CTRP. TheStreet raised shares of Ctrip.Com International from a c+ rating to a b- rating in a research report on Monday, June 18th. Cowen reaffirmed a buy rating and issued a $51.00 target price on shares of Ctrip.Com International in a research report on Sunday, July 1st. Zacks Investment Research raised shares of Ctrip.Com International from a hold rating to a strong-buy rating and set a $56.00 target price for the company in a research report on Monday, June 25th. Barclays dropped their target price on shares of Ctrip.Com International from $54.00 to $50.00 and set an overweight rating for the company in a research report on Monday, July 30th. Finally, ValuEngine cut shares of Ctrip.Com International from a hold rating to a sell rating in a research report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $49.23.

NASDAQ:CTRP opened at $34.49 on Friday. Ctrip.Com International has a 12 month low of $33.00 and a 12 month high of $55.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $20.10 billion, a PE ratio of 60.14, a P/E/G ratio of 1.89 and a beta of 1.76.

Ctrip.Com International (NASDAQ:CTRP) last posted its earnings results on Wednesday, September 5th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.13. Ctrip.Com International had a net margin of 18.11% and a return on equity of 4.74%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.15 billion. As a group, research analysts forecast that Ctrip.Com International will post 0.92 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Circle Wealth Management LLC lifted its position in Ctrip.Com International by 27.4% during the 2nd quarter. Circle Wealth Management LLC now owns 6,365 shares of the company’s stock valued at $303,000 after acquiring an additional 1,370 shares during the period. Redpoint Investment Management Pty Ltd lifted its position in Ctrip.Com International by 5.4% during the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 29,211 shares of the company’s stock valued at $1,391,000 after acquiring an additional 1,503 shares during the period. CIBC Asset Management Inc lifted its position in Ctrip.Com International by 6.3% during the 2nd quarter. CIBC Asset Management Inc now owns 27,539 shares of the company’s stock valued at $1,312,000 after acquiring an additional 1,625 shares during the period. US Bancorp DE lifted its position in Ctrip.Com International by 11.0% during the 2nd quarter. US Bancorp DE now owns 19,930 shares of the company’s stock valued at $949,000 after acquiring an additional 1,971 shares during the period. Finally, Marietta Investment Partners LLC lifted its position in Ctrip.Com International by 4.2% during the 2nd quarter. Marietta Investment Partners LLC now owns 51,030 shares of the company’s stock valued at $2,431,000 after acquiring an additional 2,070 shares during the period. 66.56% of the stock is owned by 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 and real-time flight status.

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

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