Ctrip.com International Ltd. (NASDAQ:CTRP)’s share price dropped 1.3% during mid-day trading on Thursday . The stock traded as low as $45.50 and last traded at $45.76, with a volume of 1,662,038 shares changing hands. The stock had previously closed at $46.38.

CTRP has been the topic of several research analyst reports. Zacks Investment Research cut Ctrip.com International from a “hold” rating to a “sell” rating in a research report on Thursday, June 16th. TheStreet upgraded Ctrip.com International from a “hold” rating to a “buy” rating in a report on Thursday, April 21st. Brean Capital restated a “buy” rating on shares of Ctrip.com International in a report on Tuesday, June 7th. Nomura restated a “buy” rating and issued a $49.00 target price on shares of Ctrip.com International in a report on Monday, April 25th. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $50.00 target price on shares of Ctrip.com International in a report on Friday, June 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $54.57.

The company has a market cap of $20.96 billion and a P/E ratio of 104.49. The firm’s 50-day moving average is $43.42 and its 200-day moving average is $42.82.

Ctrip.com International (NASDAQ:CTRP) last issued its earnings results on Wednesday, June 15th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($3.62) by $3.71. Equities research analysts anticipate that Ctrip.com International Ltd. will post ($0.65) EPS for the current year.

Several hedge funds have modified their holdings of the stock. Airain ltd acquired a new stake in shares of Ctrip.com International during the fourth quarter valued at approximately $1,104,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ctrip.com International during the fourth quarter worth approximately $1,737,000. Tiger Pacific Capital LP purchased a new stake in Ctrip.com International during the fourth quarter worth approximately $4,480,000. Employees Retirement System of Texas boosted its stake in Ctrip.com International by 91.4% in the fourth quarter. Employees Retirement System of Texas now owns 111,000 shares of the company’s stock worth $5,143,000 after buying an additional 53,000 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Ctrip.com International by 288.6% in the fourth quarter. Bank of Montreal Can now owns 231,216 shares of the company’s stock worth $10,713,000 after buying an additional 171,710 shares in the last quarter.

Ctrip.com International, Ltd. is a travel service provider for hotel accommodations, transportation ticketing services, packaged tours and corporate travel management in China. The Company aggregates hotel and flight information to enable business and leisure travelers to make informed bookings. The Company also helps customers book tour packages and guided tours.

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