Ctrip.Com International (CTRP) Cut to “C+” at TheStreet
A number of other brokerages have also weighed in on CTRP. BidaskClub upgraded shares of Ctrip.Com International from a buy rating to a strong-buy rating in a report on Saturday, June 16th. Cowen restated a buy rating and set a $51.00 target price on shares of Ctrip.Com International in a report on Sunday, July 1st. Zacks Investment Research upgraded shares of Ctrip.Com International from a hold rating to a strong-buy rating and set a $56.00 target price on the stock in a report on Monday, June 25th. Barclays set a $54.00 target price on shares of Ctrip.Com International and gave the company a buy rating in a report on Wednesday, May 23rd. Finally, Oppenheimer lifted their target price on shares of Ctrip.Com International from $51.00 to $54.00 and gave the company an outperform rating in a report on Wednesday, May 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Ctrip.Com International has a consensus rating of Hold and a consensus target price of $51.50.
Shares of CTRP opened at $39.22 on Friday. The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 66.47, a P/E/G ratio of 2.34 and a beta of 1.63. Ctrip.Com International has a fifty-two week low of $38.04 and a fifty-two week high of $56.46. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.33.
Large investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new stake in Ctrip.Com International during the 4th quarter worth $212,000. Global X Management Co. LLC increased its stake in Ctrip.Com International by 52.1% during the 1st quarter. Global X Management Co. LLC now owns 293,104 shares of the company’s stock worth $13,665,000 after buying an additional 100,360 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Ctrip.Com International during the 1st quarter worth $308,000. Duff & Phelps Investment Management Co. increased its stake in Ctrip.Com International by 0.9% during the 1st quarter. Duff & Phelps Investment Management Co. now owns 218,913 shares of the company’s stock worth $10,190,000 after buying an additional 1,943 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Ctrip.Com International by 5.5% during the 1st quarter. CIBC Asset Management Inc now owns 25,914 shares of the company’s stock worth $1,208,000 after buying an additional 1,342 shares during the period. Institutional investors and hedge funds own 67.98% 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 and real-time flight status.
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