Ctrip.Com International (CTRP) Downgraded to “Underperform” at Daiwa Capital Markets

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.

Ctrip.Com International (NASDAQ:CTRP) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.06. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Ctrip.Com International had a return on equity of 4.74% and a net margin of 18.11%. During the same quarter in the prior year, the business posted $0.41 EPS. Research analysts anticipate that Ctrip.Com International will post 0.51 earnings per share for the current fiscal year.

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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

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