Equities research analysts expect Ctrip.com International, Ltd. (NASDAQ:CTRP) to post sales of $909.07 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Ctrip.com International’s earnings, with estimates ranging from $905.00 million to $911.50 million. Ctrip.com International reported sales of $663.76 million during the same quarter last year, which indicates a positive year over year growth rate of 37%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, August 30th.
On average, analysts expect that Ctrip.com International will report full year sales of $909.07 million for the current year, with estimates ranging from $3.92 billion to $3.95 billion. For the next financial year, analysts expect that the firm will report sales of $5.20 billion per share, with estimates ranging from $5.13 billion to $5.35 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Ctrip.com International.
A number of equities research analysts have issued reports on CTRP shares. Instinet reissued a “buy” rating and set a $64.00 target price on shares of Ctrip.com International in a research note on Monday, May 15th. Daiwa Capital Markets reissued a “buy” rating and set a $65.00 target price (up previously from $55.00) on shares of Ctrip.com International in a research note on Sunday, May 14th. Bank of America Corporation set a $64.00 target price on shares of Ctrip.com International and gave the company a “buy” rating in a research note on Friday, May 12th. Stifel Nicolaus reissued a “buy” rating and set a $58.00 target price on shares of Ctrip.com International in a research note on Saturday, April 22nd. Finally, Benchmark Co. started coverage on shares of Ctrip.com International in a research note on Tuesday, April 18th. They set a “buy” rating and a $60.00 target price for the company. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $57.41.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new position in Ctrip.com International during the fourth quarter worth $20,499,000. Quadrature Capital Ltd purchased a new position in Ctrip.com International during the fourth quarter worth $6,164,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Ctrip.com International during the fourth quarter worth $220,000. Hudson Bay Capital Management LP purchased a new position in Ctrip.com International during the fourth quarter worth $292,000. Finally, Searle & CO. purchased a new position in Ctrip.com International during the fourth quarter worth $280,000. 65.63% of the stock is owned by hedge funds and other institutional investors.
Shares of Ctrip.com International (NASDAQ:CTRP) traded up 1.24% on Thursday, hitting $58.07. The company had a trading volume of 1,945,013 shares. Ctrip.com International has a 12-month low of $39.71 and a 12-month high of $58.58. The stock has a market capitalization of $30.17 billion, a price-to-earnings ratio of 841.59 and a beta of 1.69.
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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