Ctrip.Com International (NASDAQ:CTRP) was downgraded by investment analysts at Daiwa Capital Markets from a “buy” rating to an “underperform” rating in a note issued to investors on Thursday, The Fly reports.
Other analysts also recently issued research reports about the company. Zacks Investment Research downgraded Ctrip.Com International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Barclays set a $45.00 price objective on Ctrip.Com International and gave the stock a “buy” rating in a research note on Thursday, October 18th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Ctrip.Com International in a research note on Wednesday, October 17th. Credit Suisse Group downgraded Ctrip.Com International from an “outperform” rating to a “neutral” rating in a research note on Thursday. Finally, UBS Group dropped their price objective on Ctrip.Com International from $52.82 to $50.00 and set a “buy” rating on the stock in a research note on Monday, August 13th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $44.20.
Shares of CTRP stock traded down $6.55 during trading hours on Thursday, reaching $27.89. The company had a trading volume of 30,212,458 shares, compared to its average volume of 5,171,896. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.33. The company has a market cap of $18.15 billion, a P/E ratio of 47.27, a price-to-earnings-growth ratio of 4.39 and a beta of 1.83. Ctrip.Com International has a 1-year low of $27.50 and a 1-year high of $51.91.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sumitomo Life Insurance Co. acquired a new stake in shares of Ctrip.Com International in the 3rd quarter valued at about $123,000. Ladenburg Thalmann Financial Services Inc. raised 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. raised 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 acquired a new stake in shares of Ctrip.Com International in the 2nd quarter valued at about $201,000. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in shares of Ctrip.Com International in the 2nd quarter valued at about $225,000. 66.85% 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 and real-time flight status.
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