Zacks Investment Research upgraded shares of Ctrip.Com International (NASDAQ:CTRP) from a hold rating to a buy rating in a report published on Tuesday. The firm currently has $33.00 price target on the stock.

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. “

Several other equities analysts have also recently issued reports on the company. BidaskClub raised Ctrip.Com International from a sell rating to a hold rating in a research report on Tuesday, December 25th. Mizuho cut Ctrip.Com International from a buy rating to a neutral rating and set a $31.00 price objective on the stock. in a research report on Wednesday, December 12th. ValuEngine raised Ctrip.Com International from a sell rating to a hold rating in a research report on Wednesday, November 21st. Oppenheimer reaffirmed a buy rating on shares of Ctrip.Com International in a research report on Tuesday, November 13th. Finally, UBS Group reissued a neutral rating on shares of Ctrip.Com International in a report on Friday, November 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. Ctrip.Com International currently has a consensus rating of Hold and an average price target of $40.06.

Shares of Ctrip.Com International stock traded up $0.04 during midday trading on Tuesday, hitting $30.12. The company had a trading volume of 147,213 shares, compared to its average volume of 3,468,783. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $16.32 billion, a P/E ratio of 50.97, a PEG ratio of 4.90 and a beta of 1.68. Ctrip.Com International has a 52-week low of $25.00 and a 52-week high of $51.91.

Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.06. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Ctrip.Com International had a return on equity of 4.78% and a net margin of 9.73%. During the same period in the prior year, the firm posted $0.41 EPS. As a group, equities analysts expect that Ctrip.Com International will post 0.74 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Sumitomo Life Insurance Co. bought a new position in Ctrip.Com International in the 3rd quarter worth $123,000. PNC Financial Services Group Inc. increased its stake in Ctrip.Com International by 174.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock worth $179,000 after buying an additional 2,383 shares in the last quarter. First Republic Investment Management Inc. purchased a new stake in Ctrip.Com International in the 2nd quarter worth $252,000. Circle Wealth Management LLC increased its stake in Ctrip.Com International by 27.4% in the 2nd quarter. Circle Wealth Management LLC now owns 6,365 shares of the company’s stock worth $303,000 after buying an additional 1,370 shares in the last quarter. Finally, Baldwin Investment Management LLC increased its stake in Ctrip.Com International by 44.8% in the 3rd quarter. Baldwin Investment Management LLC now owns 6,466 shares of the company’s stock worth $240,000 after buying an additional 2,000 shares in the last quarter. 64.83% of the stock is currently owned by institutional investors.

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

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