Ctrip.Com International (NASDAQ:CTRP) Shares Gap Down to $36.01

Ctrip.Com International Ltd (NASDAQ:CTRP)’s share price gapped down prior to trading on Monday . The stock had previously closed at $37.09, but opened at $36.01. Ctrip.Com International shares last traded at $35.63, with a volume of 2,605,386 shares trading hands.

A number of analysts have weighed in on the company. CICC Research upgraded Ctrip.Com International from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. Benchmark cut their price target on Ctrip.Com International from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Oppenheimer cut their price target on Ctrip.Com International from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. UBS Group set a $40.00 price target on Ctrip.Com International and gave the company a “hold” rating in a research note on Tuesday, September 10th. Finally, Credit Suisse Group upgraded Ctrip.Com International from a “neutral” rating to an “outperform” rating and set a $37.20 price target on the stock in a research note on Tuesday, July 16th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $41.68.

The stock has a 50-day moving average price of $34.31 and a 200 day moving average price of $38.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 1.14. The firm has a market cap of $19.70 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 49.52 and a beta of 1.64.



Ctrip.Com International (NASDAQ:CTRP) last posted its earnings results on Monday, September 9th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. Ctrip.Com International had a return on equity of 3.91% and a net margin of 5.79%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts predict that Ctrip.Com International Ltd will post 0.7 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Grandeur Peak Global Advisors LLC grew its holdings in shares of Ctrip.Com International by 0.6% during the second quarter. Grandeur Peak Global Advisors LLC now owns 368,441 shares of the company’s stock worth $13,599,000 after buying an additional 2,250 shares during the last quarter. Wasatch Advisors Inc. grew its holdings in shares of Ctrip.Com International by 3.8% during the first quarter. Wasatch Advisors Inc. now owns 1,580,300 shares of the company’s stock worth $69,043,000 after buying an additional 57,401 shares during the last quarter. KBC Group NV grew its holdings in shares of Ctrip.Com International by 29.0% during the second quarter. KBC Group NV now owns 141,538 shares of the company’s stock worth $5,224,000 after buying an additional 31,842 shares during the last quarter. Kontiki Capital Management HK Ltd. grew its holdings in shares of Ctrip.Com International by 6.1% during the first quarter. Kontiki Capital Management HK Ltd. now owns 2,446,840 shares of the company’s stock worth $106,902,000 after buying an additional 140,300 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Ctrip.Com International by 78.8% during the second quarter. Bank of Montreal Can now owns 1,107,919 shares of the company’s stock worth $40,893,000 after buying an additional 488,105 shares during the last quarter. Institutional investors and hedge funds own 62.56% of the company’s stock.

About Ctrip.Com International (NASDAQ:CTRP)

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.

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