Ctrip.Com International (NASDAQ:CTRP) Upgraded at BidaskClub

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BidaskClub upgraded shares of Ctrip.Com International (NASDAQ:CTRP) from a hold rating to a buy rating in a research report sent to investors on Saturday, November 2nd, BidAskClub reports.

A number of other brokerages have also commented on CTRP. Barclays dropped their price target on Ctrip.Com International from $45.00 to $41.00 and set an overweight rating for the company in a research note on Wednesday, September 11th. Morgan Stanley lowered Ctrip.Com International from an overweight rating to an equal weight rating and dropped their price target for the company from $43.00 to $35.00 in a research note on Tuesday, September 10th. Bank of America dropped their price target on Ctrip.Com International from $49.00 to $43.00 and set a buy rating for the company in a research note on Wednesday, September 11th. UBS Group set a $40.00 price target on Ctrip.Com International and gave the company a hold rating in a research note on Tuesday, September 10th. Finally, Zacks Investment Research lowered Ctrip.Com International from a buy rating to a hold rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $42.83.

Shares of CTRP traded up $1.14 during trading hours on Friday, reaching $34.93. 6,824,800 shares of the company’s stock traded hands, compared to its average volume of 3,979,754. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Ctrip.Com International has a 12 month low of $25.00 and a 12 month high of $46.50. The firm’s 50 day simple moving average is $31.24 and its 200-day simple moving average is $35.29. The stock has a market cap of $18.69 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 48.04 and a beta of 1.61.

Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings results on Monday, September 9th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Ctrip.Com International had a return on equity of 3.91% and a net margin of 5.79%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. As a group, analysts expect that Ctrip.Com International will post 0.7 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of CTRP. Assetmark Inc. raised its holdings in shares of Ctrip.Com International by 1,737.0% in the second quarter. Assetmark Inc. now owns 845 shares of the company’s stock worth $31,000 after buying an additional 799 shares during the period. Mizuho Securities Co. Ltd. purchased a new position in Ctrip.Com International during the 2nd quarter worth $44,000. Steward Partners Investment Advisory LLC increased its holdings in Ctrip.Com International by 22.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,700 shares of the company’s stock worth $79,000 after purchasing an additional 500 shares during the period. Westwood Holdings Group Inc. purchased a new position in Ctrip.Com International during the 2nd quarter worth $130,000. Finally, Advisor Group Inc. increased its holdings in Ctrip.Com International by 28.2% during the 2nd quarter. Advisor Group Inc. now owns 4,624 shares of the company’s stock worth $171,000 after purchasing an additional 1,018 shares during the period. Hedge funds and other institutional investors own 61.40% 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, express security check, and real-time flight status.

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

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