Ctrip.Com International Ltd (NASDAQ:CTRP) – Stock analysts at Jefferies Financial Group reduced their FY2019 EPS estimates for Ctrip.Com International in a research note issued on Tuesday, September 10th. Jefferies Financial Group analyst T. Chong now forecasts that the company will earn $0.75 per share for the year, down from their prior forecast of $1.00. Jefferies Financial Group has a “Buy” rating and a $47.50 price objective on the stock. Jefferies Financial Group also issued estimates for Ctrip.Com International’s FY2020 earnings at $1.22 EPS.
Other equities analysts have also recently issued research reports about the company. Oppenheimer decreased their price target on Ctrip.Com International from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday. Credit Suisse Group upgraded Ctrip.Com International from a “neutral” rating to an “outperform” rating and set a $37.20 price target for the company in a report on Tuesday, July 16th. CICC Research upgraded Ctrip.Com International from a “hold” rating to a “buy” rating in a report on Thursday, May 23rd. Zacks Investment Research cut Ctrip.Com International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Nomura set a $37.00 target price on Ctrip.Com International and gave the company a “hold” rating in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $41.78.
NASDAQ CTRP opened at $34.83 on Friday. The stock has a market cap of $18.48 billion, a PE ratio of 37.05, a P/E/G ratio of 2.57 and a beta of 1.64. Ctrip.Com International has a fifty-two week low of $25.00 and a fifty-two week high of $46.50. The business has a 50 day moving average price of $34.62 and a two-hundred day moving average price of $38.06. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.27.
Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings results on Monday, September 9th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Ctrip.Com International had a return on equity of 3.94% and a net margin of 5.79%. Ctrip.Com International’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS.
Several institutional investors have recently added to or reduced their stakes in CTRP. Grandeur Peak Global Advisors LLC lifted its stake in 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 purchasing an additional 2,250 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in 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 purchasing an additional 57,401 shares during the last quarter. KBC Group NV lifted its stake in 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 purchasing an additional 31,842 shares during the last quarter. Kontiki Capital Management HK Ltd. lifted its stake in 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 purchasing an additional 140,300 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in 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 purchasing an additional 488,105 shares during the last quarter. Institutional investors own 62.56% of the company’s stock.
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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