Shares of Ctrip.Com International Ltd (NASDAQ:CTRP) have earned an average recommendation of “Buy” from the nineteen analysts that are presently covering the company. Three analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $55.17.
Several brokerages have recently issued reports on CTRP. Stifel Nicolaus restated a “buy” rating and issued a $58.00 price objective (up from $56.00) on shares of Ctrip.Com International in a research note on Thursday, February 23rd. Instinet restated a “buy” rating and issued a $61.00 price objective on shares of Ctrip.Com International in a research note on Friday, February 24th. Benchmark Co. began coverage on Ctrip.Com International in a research note on Tuesday. They issued a “buy” rating and a $60.00 price objective for the company. Zacks Investment Research upgraded Ctrip.Com International from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Monday, December 26th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating on shares of Ctrip.Com International in a report on Tuesday, March 7th.
Hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Ctrip.Com International by 31.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 23,551,572 shares of the company’s stock worth $1,096,797,000 after buying an additional 5,701,896 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Ctrip.Com International during the third quarter worth about $248,137,000. Temasek Holdings Private Ltd raised its stake in shares of Ctrip.Com International by 1,264.3% in the fourth quarter. Temasek Holdings Private Ltd now owns 4,777,235 shares of the company’s stock worth $191,089,000 after buying an additional 4,427,076 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of Ctrip.Com International by 9.7% in the fourth quarter. Baillie Gifford & Co. now owns 49,601,663 shares of the company’s stock worth $1,984,067,000 after buying an additional 4,394,281 shares in the last quarter. Finally, Hillhouse Capital Management Ltd. purchased a new stake in shares of Ctrip.Com International during the third quarter worth about $199,669,000. 72.13% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Ctrip.Com International (NASDAQ:CTRP) traded down 0.19% on Tuesday, hitting $47.06. 5,267,772 shares of the stock were exchanged. The company has a 50 day moving average of $48.71 and a 200 day moving average of $45.14. Ctrip.Com International has a 52-week low of $37.36 and a 52-week high of $50.77. The company’s market cap is $24.64 billion. Ctrip.Com International also was the recipient of unusually large options trading on Monday. Investors purchased 3,019 put options on the stock. This represents an increase of 270% compared to the typical volume of 817 put options.
Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.20. Ctrip.Com International had a negative return on equity of 3.17% and a negative net margin of 11.48%. The firm earned $730 million during the quarter, compared to analysts’ expectations of $720.91 million. During the same period last year, the business posted $0.11 earnings per share. Equities research analysts forecast that Ctrip.Com International will post $0.39 earnings per share for the current year.
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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