Ctrip.com International, Ltd. (NASDAQ:CTRP)‘s stock had its “outperform” rating reiterated by stock analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Friday. They currently have a $62.00 price target on the stock, down from their prior price target of $65.00. Oppenheimer Holdings, Inc.’s target price suggests a potential upside of 18.14% from the company’s current price. Oppenheimer Holdings also issued estimates for Ctrip.com International’s Q3 2017 earnings at $0.16 EPS, Q4 2017 earnings at $0.06 EPS, FY2017 earnings at $0.23 EPS, FY2018 earnings at $0.74 EPS, FY2019 earnings at $1.22 EPS and FY2020 earnings at $1.77 EPS.
CTRP has been the subject of several other research reports. Cowen and Company reduced their price target on shares of Ctrip.com International from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Thursday, May 11th. Instinet reiterated a “buy” rating and issued a $64.00 price target on shares of Ctrip.com International in a report on Monday, May 15th. BidaskClub cut shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Ctrip.com International from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, ValuEngine lowered shares of Ctrip.com International from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $57.55.
Ctrip.com International (NASDAQ:CTRP) traded down 0.70% during mid-day trading on Friday, hitting $52.48. The stock had a trading volume of 4,120,397 shares. Ctrip.com International has a one year low of $39.71 and a one year high of $60.65.
A number of hedge funds have recently bought and sold shares of CTRP. Sit Investment Associates Inc. raised its stake in Ctrip.com International by 13.8% in the first quarter. Sit Investment Associates Inc. now owns 4,125 shares of the company’s stock valued at $203,000 after buying an additional 500 shares during the period. Sumitomo Life Insurance Co. raised its stake in Ctrip.com International by 137.2% in the first quarter. Sumitomo Life Insurance Co. now owns 10,200 shares of the company’s stock valued at $501,000 after buying an additional 5,900 shares during the period. Strs Ohio raised its stake in Ctrip.com International by 5.3% in the first quarter. Strs Ohio now owns 45,600 shares of the company’s stock valued at $2,241,000 after buying an additional 2,300 shares during the period. State of New Jersey Common Pension Fund D raised its stake in Ctrip.com International by 46.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 125,328 shares of the company’s stock valued at $6,160,000 after buying an additional 39,468 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Ctrip.com International by 2,487.1% in the first quarter. Canada Pension Plan Investment Board now owns 441,884 shares of the company’s stock valued at $21,719,000 after buying an additional 424,804 shares during the period. 66.43% of the stock is currently owned by hedge funds and other institutional investors.
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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