Ctrip.Com International (NASDAQ:CTRP) Upgraded 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 released on Monday, Zacks.com reports. The brokerage currently has $43.00 price target 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. “

Several other research analysts have also commented on the company. CICC Research upgraded Ctrip.Com International from a hold rating to a buy rating in a research report on Thursday, May 23rd. Macquarie set a $325.00 target price on Arista Networks and gave the company a buy rating in a report on Friday, May 3rd. Barclays set a $34.00 target price on DCP Midstream and gave the company a hold rating in a report on Wednesday, May 22nd. Daiwa Capital Markets upgraded Ctrip.Com International from an underperform rating to an outperform rating in a report on Thursday, May 23rd. Finally, BidaskClub lowered Xencor from a sell rating to a strong sell rating in a report on Tuesday, June 11th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $42.53.

Shares of Ctrip.Com International stock traded down $0.57 during midday trading on Monday, reaching $37.39. 1,577,244 shares of the company’s stock traded hands, compared to its average volume of 4,652,260. The stock has a market capitalization of $20.22 billion, a P/E ratio of 39.78, a price-to-earnings-growth ratio of 2.96 and a beta of 1.56. The firm has a 50 day moving average of $35.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.14. 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 posted its quarterly earnings data on Wednesday, May 22nd. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.10 by $0.22. Ctrip.Com International had a return on equity of 3.61% and a net margin of 14.70%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $0.55 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, research analysts expect that Ctrip.Com International will post 0.87 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Ctrip.Com International during the 4th quarter worth $120,953,000. BlackRock Inc. raised its position in Ctrip.Com International by 15.2% during the first quarter. BlackRock Inc. now owns 28,762,422 shares of the company’s stock worth $1,256,629,000 after acquiring an additional 3,805,273 shares in the last quarter. RWC Asset Advisors US LLC bought a new stake in Ctrip.Com International during the fourth quarter worth $62,012,000. Acadian Asset Management LLC bought a new stake in Ctrip.Com International during the first quarter worth $87,080,000. Finally, Artisan Partners Limited Partnership raised its position in Ctrip.Com International by 3,758.0% during the first quarter. Artisan Partners Limited Partnership now owns 1,871,417 shares of the company’s stock worth $81,762,000 after acquiring an additional 1,822,910 shares in the last quarter. 61.94% of the stock is currently owned by hedge funds and other institutional investors.

About Ctrip.Com International

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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