Ctrip.Com International (NASDAQ:CTRP) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Ctrip.Com International (NASDAQ:CTRP) from a hold rating to a buy rating in a report issued on Monday morning, Zacks.com reports. Zacks Investment Research currently has $43.00 price objective on the stock.

According to Zacks, “Ctrip.com International, Ltd. is a leading travel service provider of hotel accommodations, airline tickets and packaged-tours in China. Ctrip aggregates information on hotels and flights and enables customers to make informed and cost-effective hotel and flight bookings. Ctrip targets primarily business and leisure travelers in China who do not travel in group. These travelers form a traditionally under-served yet fast-growing segment of the China travel industry. Ctrip has experienced substantial growth and become one of the best-known travel brands in China. “

A number of other equities analysts also recently issued reports on the stock. Barclays set a $34.00 price target on shares of DCP Midstream and gave the company a hold rating in a report on Wednesday, May 22nd. CICC Research upgraded shares of Ctrip.Com International from a hold rating to a buy rating in a report on Thursday, May 23rd. BidaskClub downgraded shares of Xencor from a sell rating to a strong sell rating in a report on Tuesday, June 11th. Sanford C. Bernstein upgraded shares of Ctrip.Com International from a market perform rating to an outperform rating and set a $41.50 price target for the company in a report on Tuesday, March 26th. Finally, Daiwa Capital Markets upgraded shares of Ctrip.Com International from an underperform rating to an outperform rating in a report on Thursday, May 23rd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Ctrip.Com International presently has an average rating of Buy and a consensus price target of $42.53.



Shares of CTRP opened at $37.39 on Monday. The company has a 50-day moving average of $35.82. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $20.22 billion, a P/E ratio of 39.78, a PEG ratio of 2.96 and a beta of 1.56. Ctrip.Com International has a 52-week low of $25.00 and a 52-week high of $46.50.

Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Ctrip.Com International had a net margin of 14.70% and a return on equity of 3.61%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 EPS. As a group, equities analysts forecast that Ctrip.Com International will post 0.87 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of CTRP. Advisory Services Network LLC grew its stake in Ctrip.Com International by 500.0% in the 1st quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock valued at $26,000 after acquiring an additional 500 shares during the last quarter. FTB Advisors Inc. acquired a new stake in Ctrip.Com International in the 1st quarter valued at about $31,000. Cornerstone Advisors Inc. grew its stake in Ctrip.Com International by 255.7% in the 1st quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in Ctrip.Com International by 2,377.8% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the company’s stock valued at $58,000 after acquiring an additional 1,284 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Ctrip.Com International in the 1st quarter valued at about $96,000. 61.94% of the stock is currently owned by hedge funds and other 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, express security check, and real-time flight status.

See Also: How to interpret a stock’s beta number

Get a free copy of the Zacks research report on Ctrip.Com International (CTRP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.