Ctrip.com International’s (CTRP) Buy Rating Reiterated at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. restated their buy rating on shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) in a research report sent to investors on Tuesday morning. The brokerage currently has a $58.00 target price on the stock, down from their previous target price of $62.00. Oppenheimer Holdings also issued estimates for Ctrip.com International’s FY2018 earnings at $0.47 EPS, FY2019 earnings at $0.91 EPS and FY2020 earnings at $1.42 EPS.
A number of other research analysts have also issued reports on CTRP. Barclays PLC initiated coverage on shares of Ctrip.com International in a report on Monday, October 9th. They issued an overweight rating and a $62.00 price objective for the company. Cowen and Company reiterated a buy rating and issued a $57.00 price objective on shares of Ctrip.com International in a report on Sunday, October 8th. Bank of America Corporation reiterated a buy rating and issued a $58.00 price objective on shares of Ctrip.com International in a report on Sunday, September 3rd. Zacks Investment Research lowered shares of Ctrip.com International from a hold rating to a sell rating in a report on Tuesday, October 10th. Finally, KeyCorp reiterated a hold rating on shares of Ctrip.com International in a report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $57.42.
Ctrip.com International (CTRP) traded down $1.15 during mid-day trading on Tuesday, hitting $46.40. 5,635,681 shares of the stock were exchanged, compared to its average volume of 5,804,367. The stock has a market cap of $23.85 billion, a P/E ratio of 77.43 and a beta of 1.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.58 and a quick ratio of 1.58.
Ctrip.com International (NASDAQ:CTRP) last posted its earnings results on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.11). The company had revenue of $946.38 million during the quarter, compared to the consensus estimate of $929.55 million. Ctrip.com International had a return on equity of 3.00% and a net margin of 8.92%. The firm’s revenue was up 42.5% compared to the same quarter last year. During the same period last year, the company posted $0.02 EPS. analysts predict that Ctrip.com International will post 0.24 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in CTRP. Teachers Advisors LLC raised its holdings in Ctrip.com International by 6.3% during the 1st quarter. Teachers Advisors LLC now owns 165,604 shares of the company’s stock worth $8,139,000 after purchasing an additional 9,800 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ctrip.com International by 38.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 708,462 shares of the company’s stock worth $34,841,000 after purchasing an additional 196,086 shares during the last quarter. Renaissance Technologies LLC bought a new position in Ctrip.com International during the 1st quarter worth approximately $669,000. Nomura Asset Management Co. Ltd. raised its holdings in Ctrip.com International by 5.2% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 26,463 shares of the company’s stock worth $1,300,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Handelsbanken Fonder AB bought a new position in Ctrip.com International during the 2nd quarter worth approximately $431,000. Hedge funds and other institutional investors own 67.63% 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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