FY2018 EPS Estimates for Ctrip.com International, Ltd. (CTRP) Decreased by Oppenheimer Holdings
Ctrip.com International, Ltd. (NASDAQ:CTRP) – Equities researchers at Oppenheimer Holdings reduced their FY2018 earnings per share estimates for Ctrip.com International in a research note issued on Tuesday. Oppenheimer Holdings analyst J. Kelly now forecasts that the company will post earnings of $0.47 per share for the year, down from their prior forecast of $0.65. Oppenheimer Holdings currently has a “Buy” rating and a $58.00 target price on the stock. Oppenheimer Holdings also issued estimates for Ctrip.com International’s FY2019 earnings at $0.91 EPS and FY2020 earnings at $1.42 EPS.
A number of other brokerages have also commented on CTRP. BidaskClub lowered Ctrip.com International from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Cowen and Company restated a “buy” rating and issued a $60.00 price target on shares of Ctrip.com International in a report on Tuesday, August 22nd. Benchmark Co. cut their price target on Ctrip.com International from $61.00 to $58.00 and set a “buy” rating on the stock in a report on Thursday, August 31st. Zacks Investment Research lowered Ctrip.com International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, KeyCorp restated a “hold” rating on shares of Ctrip.com International in a report on Friday, September 1st. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $57.42.
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Shares of Ctrip.com International (NASDAQ CTRP) traded down $0.81 during trading on Thursday, hitting $46.74. The stock had a trading volume of 827,190 shares, compared to its average volume of 5,804,367. The company has a market cap of $23,845.13, a P/E ratio of 77.43 and a beta of 1.79.
Ctrip.com International (NASDAQ:CTRP) last posted its earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.11). The business had revenue of $946.38 million for 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 business’s revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 earnings per share.
Several large investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Ctrip.com International by 1.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock worth $143,000 after acquiring an additional 46 shares during the period. Baldwin Investment Management LLC boosted its stake in shares of Ctrip.com International by 2.0% in the second quarter. Baldwin Investment Management LLC now owns 4,283 shares of the company’s stock valued at $231,000 after buying an additional 85 shares during the period. Rathbone Brothers plc boosted its stake in shares of Ctrip.com International by 2.8% in the second quarter. Rathbone Brothers plc now owns 4,255 shares of the company’s stock valued at $229,000 after buying an additional 115 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Ctrip.com International by 0.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 14,281 shares of the company’s stock valued at $769,000 after buying an additional 117 shares during the period. Finally, GRATRY & Co LLC boosted its stake in shares of Ctrip.com International by 2.5% in the second quarter. GRATRY & Co LLC now owns 6,100 shares of the company’s stock valued at $329,000 after buying an additional 150 shares during the period. Institutional investors own 67.63% of the company’s stock.
Ctrip.com International Company Profile
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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