Ctrip.Com International (CTRP) Lowered to Neutral at Citigroup

Citigroup lowered shares of Ctrip.Com International (NASDAQ:CTRP) from a buy rating to a neutral rating in a research report sent to investors on Thursday, Marketbeat reports. They currently have $35.00 target price on the stock, down from their previous target price of $41.00.

Other equities analysts have also issued research reports about the stock. Bank of America lowered their price target on shares of Ctrip.Com International from $54.00 to $50.00 and set a buy rating for the company in a research report on Friday, September 14th. Nomura lowered their price target on shares of Ctrip.Com International from $52.00 to $49.00 and set a buy rating for the company in a research report on Thursday, September 13th. UBS Group lowered their price target on shares of Ctrip.Com International from $52.82 to $50.00 and set a buy rating for the company in a research report on Monday, August 13th. Barclays set a $45.00 price target on shares of Ctrip.Com International and gave the stock a buy rating in a research report on Thursday, October 18th. Finally, Oppenheimer set a $47.00 price target on shares of Ctrip.Com International and gave the stock a buy rating in a research report on Tuesday, October 23rd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $40.63.

CTRP stock traded down $1.76 during trading on Thursday, hitting $26.13. 9,927,308 shares of the company’s stock traded hands, compared to its average volume of 5,193,741. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 1.35. Ctrip.Com International has a 52 week low of $25.78 and a 52 week high of $51.91. The firm has a market cap of $18.15 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 4.39 and a beta of 1.83.

Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.25 by $0.06. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Ctrip.Com International had a net margin of 18.11% and a return on equity of 4.74%. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, analysts expect that Ctrip.Com International will post 0.87 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of CTRP. Cambiar Investors LLC acquired a new stake in Ctrip.Com International in the second quarter worth about $194,177,000. Winslow Capital Management LLC lifted its holdings in Ctrip.Com International by 9,329,640.0% in the second quarter. Winslow Capital Management LLC now owns 3,265,409 shares of the company’s stock worth $155,532,000 after purchasing an additional 3,265,374 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Ctrip.Com International by 155.8% in the second quarter. Canada Pension Plan Investment Board now owns 2,416,017 shares of the company’s stock worth $115,075,000 after purchasing an additional 1,471,464 shares during the period. OppenheimerFunds Inc. lifted its holdings in Ctrip.Com International by 6.8% in the second quarter. OppenheimerFunds Inc. now owns 19,665,726 shares of the company’s stock worth $936,679,000 after purchasing an additional 1,255,050 shares during the period. Finally, New Silk Road Investment PTE Ltd. acquired a new stake in Ctrip.Com International in the third quarter worth about $37,861,000. 66.85% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Ctrip.Com International (NASDAQ:CTRP)

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