Ctrip.Com International (NASDAQ:CTRP) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Monday, February 4th.
Several other research analysts have also recently weighed in on CTRP. Benchmark dropped their price target on shares of Ctrip.Com International from $52.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 8th. Oppenheimer set a $47.00 price objective on shares of Ctrip.Com International and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Barclays set a $45.00 price target on shares of Ctrip.Com International and gave the stock a “buy” rating in a research note on Thursday, October 18th. Zacks Investment Research raised shares of Ctrip.Com International from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Tuesday, January 8th. Finally, UBS Group cut shares of Ctrip.Com International from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research report on Thursday, November 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $39.40.
Shares of NASDAQ:CTRP traded up $0.23 during trading on Monday, reaching $34.36. 4,815,278 shares of the stock traded hands, compared to its average volume of 3,380,293. Ctrip.Com International has a 52-week low of $25.00 and a 52-week high of $51.91. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 58.24, a PEG ratio of 5.39 and a beta of 1.69.
Hedge funds have recently made changes to their positions in the business. New Silk Road Investment PTE Ltd. purchased a new position in Ctrip.Com International during the third quarter worth about $37,861,000. Broad Peak Investment Management LTD. lifted its stake in Ctrip.Com International by 39.7% in the fourth quarter. Broad Peak Investment Management LTD. now owns 117,100 shares of the company’s stock worth $3,169,000 after acquiring an additional 33,300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ctrip.Com International by 9.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,144 shares of the company’s stock worth $4,763,000 after acquiring an additional 10,881 shares during the last quarter. AQR Capital Management LLC raised its holdings in Ctrip.Com International by 2.0% during the third quarter. AQR Capital Management LLC now owns 1,254,446 shares of the company’s stock worth $46,628,000 after purchasing an additional 24,028 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in Ctrip.Com International by 53.1% during the third quarter. Rafferty Asset Management LLC now owns 50,445 shares of the company’s stock worth $1,875,000 after purchasing an additional 17,497 shares in the last quarter. 64.06% of the stock is owned by institutional investors.
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.
Recommended Story: Marijuana Stocks Future Looks Bright
Receive News & Ratings for Ctrip.Com International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip.Com International and related companies with MarketBeat.com's FREE daily email newsletter.