Ctrip.Com International (CTRP) Reaches New 1-Year Low on Analyst Downgrade

Ctrip.Com International Ltd (NASDAQ:CTRP) shares hit a new 52-week low on Thursday after Benchmark lowered their price target on the stock from $52.00 to $40.00. Benchmark currently has a buy rating on the stock. Ctrip.Com International traded as low as $27.86 and last traded at $28.50, with a volume of 1333007 shares trading hands. The stock had previously closed at $34.44.

CTRP has been the subject of a number of other research reports. BidaskClub cut Ctrip.Com International from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. Wells Fargo & Co reduced their price target on Ctrip.Com International from $46.00 to $42.00 and set a “market perform” rating for the company in a research report on Thursday, September 6th. ValuEngine raised Ctrip.Com International from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Zacks Investment Research cut Ctrip.Com International from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Finally, TheStreet cut Ctrip.Com International from a “b-” rating to a “c+” rating in a research report on Friday, August 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $44.20.

A number of institutional investors and hedge funds have recently modified their holdings of CTRP. Sumitomo Life Insurance Co. bought a new stake in shares of Ctrip.Com International in the 3rd quarter valued at approximately $123,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Ctrip.Com International by 1,257.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock valued at $172,000 after purchasing an additional 3,419 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Ctrip.Com International by 174.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock valued at $179,000 after purchasing an additional 2,383 shares during the period. 180 Wealth Advisors LLC bought a new stake in shares of Ctrip.Com International in the 2nd quarter valued at approximately $201,000. Finally, Canandaigua National Bank & Trust Co. bought a new stake in shares of Ctrip.Com International in the 2nd quarter valued at approximately $225,000. Hedge funds and other institutional investors own 66.85% of the company’s stock.

The company has a market cap of $18.15 billion, a price-to-earnings ratio of 47.42, a P/E/G ratio of 4.39 and a beta of 1.83. 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 (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. Ctrip.Com International had a return on equity of 4.74% and a net margin of 18.11%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $0.41 EPS. On average, equities analysts expect that Ctrip.Com International Ltd will post 0.51 EPS for the current year.

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Ctrip.Com International Company Profile (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 and real-time flight status.

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