Ctrip.Com International (CTRP) Lowered to Neutral at Nomura

Ctrip.Com International (NASDAQ:CTRP) was downgraded by equities research analysts at Nomura to a “neutral” rating in a note issued to investors on Friday, The Fly reports. They presently have a $36.00 price target on the stock, down from their previous price target of $49.00. Nomura’s price target would indicate a potential upside of 29.08% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. ValuEngine cut shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Thursday. Daiwa Capital Markets cut shares of Ctrip.Com International from a “buy” rating to an “underperform” rating in a report on Thursday. Benchmark decreased their price objective on shares of Ctrip.Com International from $52.00 to $40.00 and set a “buy” rating for the company in a report on Thursday. Credit Suisse Group cut shares of Ctrip.Com International from an “outperform” rating to a “neutral” rating in a report on Thursday. Finally, Deutsche Bank set a $24.00 price objective on shares of Ctrip.Com International and gave the company a “hold” rating in a report on Thursday. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.33.

Shares of NASDAQ:CTRP opened at $27.89 on Friday. Ctrip.Com International has a 52 week low of $27.50 and a 52 week high of $51.91. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 47.27, a PEG ratio of 4.39 and a beta of 1.83. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.33.

Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.25 by $0.06. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Ctrip.Com International had a net margin of 18.11% and a return on equity of 4.74%. During the same quarter last year, the business earned $0.41 earnings per share. Sell-side analysts predict that Ctrip.Com International will post 0.87 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. Circle Wealth Management LLC boosted its holdings in Ctrip.Com International by 27.4% during the second quarter. Circle Wealth Management LLC now owns 6,365 shares of the company’s stock worth $303,000 after buying an additional 1,370 shares in the last quarter. Redpoint Investment Management Pty Ltd boosted its holdings in Ctrip.Com International by 5.4% during the second quarter. Redpoint Investment Management Pty Ltd now owns 29,211 shares of the company’s stock worth $1,391,000 after buying an additional 1,503 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Ctrip.Com International by 6.3% during the second quarter. CIBC Asset Management Inc now owns 27,539 shares of the company’s stock worth $1,312,000 after buying an additional 1,625 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Ctrip.Com International by 1.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 150,008 shares of the company’s stock worth $5,576,000 after buying an additional 1,863 shares in the last quarter. Finally, BP PLC boosted its holdings in Ctrip.Com International by 3.8% during the third quarter. BP PLC now owns 51,295 shares of the company’s stock worth $1,906,000 after buying an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.

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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Analyst Recommendations for Ctrip.Com International (NASDAQ:CTRP)

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