Oppenheimer Holdings, Inc. Reiterates Buy Rating for Ctrip.com International, Ltd. (CTRP)
Ctrip.com International, Ltd. (NASDAQ:CTRP)‘s stock had its “buy” rating reaffirmed by equities researchers at Oppenheimer Holdings, Inc. in a report issued on Thursday. They currently have a $62.00 price target on the stock. Oppenheimer Holdings, Inc.’s price target points to a potential upside of 22.46% from the company’s previous close. 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.
A number of other analysts have also recently issued reports on CTRP. Zacks Investment Research raised Ctrip.com International from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Stifel Nicolaus increased their price objective on Ctrip.com International from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, May 11th. Cowen and Company dropped their price objective on Ctrip.com International from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, May 11th. Bank of America Corporation set a $64.00 price objective on Ctrip.com International and gave the stock a “buy” rating in a report on Friday, May 12th. Finally, Daiwa Capital Markets reissued a “buy” rating and set a $65.00 price objective (up previously from $55.00) on shares of Ctrip.com International in a report on Sunday, May 14th. Six research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $57.27.
Ctrip.com International (NASDAQ CTRP) opened at 50.63 on Thursday. The company has a 50-day moving average price of $55.29 and a 200-day moving average price of $52.52. Ctrip.com International has a 1-year low of $39.71 and a 1-year high of $60.65. The firm has a market cap of $26.30 billion, a P/E ratio of 723.29 and a beta of 1.70. Ctrip.com International also saw unusually large options trading on Wednesday. Traders acquired 8,475 put options on the stock. This represents an increase of approximately 351% compared to the average daily volume of 1,880 put options.
Ctrip.com International (NASDAQ:CTRP) last posted its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.11. The firm 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 1.44% 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 previous year, the company posted $0.02 EPS. On average, equities research analysts forecast that Ctrip.com International will post $0.97 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in CTRP. Strs Ohio boosted its position in shares of Ctrip.com International by 5.3% in the first quarter. Strs Ohio now owns 45,600 shares of the company’s stock worth $2,241,000 after buying an additional 2,300 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of 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 worth $6,160,000 after buying an additional 39,468 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of 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 worth $21,719,000 after buying an additional 424,804 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Ctrip.com International by 4.6% in the first quarter. Jennison Associates LLC now owns 10,698 shares of the company’s stock worth $526,000 after buying an additional 471 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in shares of Ctrip.com International by 10.5% in the first quarter. Great West Life Assurance Co. Can now owns 177,192 shares of the company’s stock worth $8,704,000 after buying an additional 16,856 shares in the last quarter. 67.62% of the stock is currently owned by hedge funds and other institutional investors.
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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