Q4 2017 Earnings Forecast for Ctrip.com International, Ltd. (CTRP) Issued By Oppenheimer Holdings
Ctrip.com International, Ltd. (NASDAQ:CTRP) – Research analysts at Oppenheimer Holdings lowered their Q4 2017 earnings estimates for Ctrip.com International in a report released on Thursday. Oppenheimer Holdings analyst J. Kelly now forecasts that the company will earn $0.03 per share for the quarter, down from their prior estimate of $0.04. Oppenheimer Holdings has a “Buy” rating and a $58.00 price target on the stock.
Several other equities research analysts have also recently issued reports on the stock. TheStreet upgraded shares of Ctrip.com International from a “c+” rating to a “b” rating in a report on Thursday. Benchmark Co. dropped their target price on shares of Ctrip.com International from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday. Zacks Investment Research upgraded shares of Ctrip.com International from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Barclays PLC began coverage on shares of Ctrip.com International in a report on Monday, October 9th. They issued an “overweight” rating and a $62.00 target price on the stock. Finally, Cowen and Company restated a “buy” rating and issued a $57.00 target price on shares of Ctrip.com International in a report on Sunday, October 8th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $57.42.
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Shares of Ctrip.com International (NASDAQ CTRP) opened at $46.40 on Monday. Ctrip.com International has a fifty-two week low of $39.71 and a fifty-two week high of $60.65. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $23,814.34, a P/E ratio of 77.33 and a beta of 1.79.
Ctrip.com International (NASDAQ:CTRP) last announced its quarterly 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 firm had revenue of $946.38 million for the quarter, compared to the consensus estimate of $929.55 million. Ctrip.com International had a net margin of 8.92% and a return on equity of 2.92%. Ctrip.com International’s revenue was up 42.5% on a year-over-year basis. During the same period last year, the business earned $0.02 EPS.
Hedge funds have recently made changes to their positions in the company. Highstreet Asset Management Inc. bought a new stake in Ctrip.com International in the 2nd quarter valued at $121,000. Parallel Advisors LLC increased its holdings in Ctrip.com International by 13.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock valued at $123,000 after acquiring an additional 237 shares during the last quarter. Huntington National Bank increased its holdings in Ctrip.com International by 40.5% in the 2nd quarter. Huntington National Bank now owns 2,325 shares of the company’s stock valued at $125,000 after acquiring an additional 670 shares during the last quarter. IFP Advisors Inc increased its holdings in Ctrip.com International by 6.7% in the 2nd quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock valued at $136,000 after acquiring an additional 157 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Ctrip.com International by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock valued at $143,000 after acquiring an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 67.68% 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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