Ctrip.com International, Ltd. (CTRP) Upgraded to Hold by Zacks Investment Research
Ctrip.com International, Ltd. (NASDAQ:CTRP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Ctrip.com International, Ltd. is a leading travel service provider of hotel accommodations, airline tickets and packaged-tours in China. Ctrip aggregates information on hotels and flights and enables customers to make informed and cost-effective hotel and flight bookings. Ctrip targets primarily business and leisure travelers in China who do not travel in group. These travelers form a traditionally under-served yet fast-growing segment of the China travel industry. Ctrip has experienced substantial growth and become one of the best-known travel brands in China. “
CTRP has been the subject of several other research reports. Cowen and Company reaffirmed a “buy” rating and set a $53.00 price objective (down previously from $60.00) on shares of Ctrip.com International in a research note on Monday, August 28th. Bank of America Corp reaffirmed a “buy” rating and set a $58.00 price objective on shares of Ctrip.com International in a research note on Sunday, September 3rd. Barclays PLC assumed coverage on shares of Ctrip.com International in a research note on Monday, October 9th. They set an “overweight” rating and a $62.00 price objective for the company. BidaskClub cut shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, Instinet reaffirmed a “buy” rating and set a $61.00 price objective on shares of Ctrip.com International in a research note on Tuesday, September 5th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Ctrip.com International currently has a consensus rating of “Buy” and an average target price of $57.92.
Shares of Ctrip.com International (CTRP) traded up 1.87% during mid-day trading on Tuesday, hitting $47.89. 6,053,199 shares of the stock were exchanged. The stock’s 50-day moving average is $52.30 and its 200-day moving average is $53.69. Ctrip.com International has a 52 week low of $39.71 and a 52 week high of $60.65.
Ctrip.com International (NASDAQ:CTRP) last issued its quarterly earnings data on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.11). The firm had revenue of $946.38 million for the quarter, compared to analysts’ expectations of $929.55 million. Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. Ctrip.com International’s revenue was up 42.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 EPS. On average, equities analysts forecast that Ctrip.com International will post $0.85 EPS for the current year.
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A number of institutional investors have recently made changes to their positions in CTRP. US Bancorp DE lifted its holdings in shares of Ctrip.com International by 19.8% in the 2nd quarter. US Bancorp DE now owns 37,531 shares of the company’s stock worth $2,021,000 after acquiring an additional 6,208 shares during the last quarter. Hillman Co. lifted its holdings in shares of Ctrip.com International by 12.6% in the 2nd quarter. Hillman Co. now owns 677,052 shares of the company’s stock worth $36,466,000 after acquiring an additional 75,833 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Ctrip.com International in the 1st quarter worth approximately $669,000. Intellectus Partners LLC lifted its holdings in shares of Ctrip.com International by 214.4% in the 2nd quarter. Intellectus Partners LLC now owns 18,861 shares of the company’s stock worth $1,016,000 after acquiring an additional 12,861 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Ctrip.com International by 2.8% in the 2nd quarter. Legal & General Group Plc now owns 743,142 shares of the company’s stock worth $40,025,000 after acquiring an additional 20,299 shares during the last quarter. Institutional investors and hedge funds own 67.63% of the company’s stock.
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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