Cowen and Company reiterated their buy rating on shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) in a research report report published on Sunday. Cowen and Company currently has a $57.00 target price on the stock.
CTRP has been the subject of a number of other research reports. Bank of America Corporation restated a buy rating and issued a $58.00 price target on shares of Ctrip.com International in a report on Sunday, September 3rd. BidaskClub cut Ctrip.com International from a strong-buy rating to a buy rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded Ctrip.com International from a hold rating to a strong-buy rating and set a $62.00 price target for the company in a report on Tuesday, July 11th. Instinet restated a buy rating and issued a $61.00 price target on shares of Ctrip.com International in a report on Tuesday, September 5th. Finally, KeyCorp restated a hold rating on shares of Ctrip.com International in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $58.25.
Shares of Ctrip.com International (NASDAQ:CTRP) opened at 54.61 on Friday. The company has a 50-day moving average of $52.85 and a 200 day moving average of $53.58. Ctrip.com International has a one year low of $39.71 and a one year high of $60.65.
Ctrip.com International (NASDAQ:CTRP) last released its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.11). The company had revenue of $946.38 million during the quarter, compared to analysts’ expectations of $929.55 million. Ctrip.com International had a return on equity of 1.41% and a net margin of 4.56%. The firm’s revenue was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 EPS. Equities research analysts predict that Ctrip.com International will post $0.85 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Paulson & CO. Inc. purchased a new position in shares of Ctrip.com International during the 2nd quarter valued at approximately $9,329,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Ctrip.com International during the 2nd quarter valued at approximately $12,119,000. Intl Fcstone Inc. acquired a new stake in shares of Ctrip.com International during the 2nd quarter valued at approximately $246,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Ctrip.com International during the 2nd quarter valued at approximately $304,000. Finally, Wasatch Advisors Inc. raised its position in shares of Ctrip.com International by 34.6% during the 2nd quarter. Wasatch Advisors Inc. now owns 932,776 shares of the company’s stock valued at $50,239,000 after acquiring an additional 239,632 shares in the last quarter. Institutional investors own 67.60% of the company’s stock.
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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