Ctrip.Com International (NASDAQ:CTRP) was downgraded by stock analysts at CLSA from an “outperform” rating to an “underperform” rating in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a $38.00 target price on the stock. CLSA’s target price points to a potential upside of 45.43% from the company’s previous close.
Several other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Barclays set a $45.00 price target on shares of Ctrip.Com International and gave the stock a “buy” rating in a research report on Thursday, October 18th. Wells Fargo & Co restated a “hold” rating on shares of Ctrip.Com International in a research report on Wednesday, October 17th. UBS Group lowered their price target on shares of Ctrip.Com International from $52.82 to $50.00 and set a “buy” rating for the company in a research report on Monday, August 13th. Finally, ValuEngine upgraded shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.63.
Shares of NASDAQ:CTRP traded down $1.76 on Thursday, reaching $26.13. 9,926,955 shares of the company’s stock were exchanged, compared to its average volume of 5,839,413. The stock has a market capitalization of $18.63 billion, a price-to-earnings ratio of 44.29, a price-to-earnings-growth ratio of 2.64 and a beta of 1.83. Ctrip.Com International has a fifty-two week low of $25.78 and a fifty-two week high of $51.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.35 and a current ratio of 1.35.
Ctrip.Com International (NASDAQ:CTRP) last issued its earnings results on Wednesday, November 7th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.06. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Ctrip.Com International had a net margin of 9.73% and a return on equity of 4.72%. During the same period in the prior year, the company earned $0.41 earnings per share. Sell-side analysts expect that Ctrip.Com International will post 0.87 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in CTRP. Principal Financial Group Inc. bought a new position in Ctrip.Com International in the 1st quarter valued at about $234,000. Ladenburg Thalmann Financial Services Inc. grew its position in Ctrip.Com International by 1,257.0% in the 1st 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 in the last quarter. LPL Financial LLC bought a new position in Ctrip.Com International in the 1st quarter valued at about $516,000. Brown Advisory Inc. grew its position in Ctrip.Com International by 56.5% in the 1st quarter. Brown Advisory Inc. now owns 15,723 shares of the company’s stock valued at $733,000 after buying an additional 5,676 shares in the last quarter. Finally, Hexavest Inc. bought a new position in Ctrip.Com International in the 2nd quarter valued at about $1,622,000. Hedge funds and other institutional investors own 66.85% of the company’s stock.
Ctrip.Com International Company Profile
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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