Ctrip.com International Ltd. (NASDAQ:CTRP)’s share price fell 2% during trading on Friday . The stock traded as low as $47.81 and last traded at $47.98, with a volume of 3,891,292 shares changing hands. The stock had previously closed at $48.96.

CTRP has been the subject of several recent analyst reports. Credit Suisse Group AG initiated coverage on Ctrip.com International in a research report on Friday. They issued an “outperform” rating and a $58.00 price target for the company. Bank of America Corp. set a $53.00 price target on Ctrip.com International and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. initiated coverage on Ctrip.com International in a research report on Wednesday. They issued an “overweight” rating and a $53.00 price target for the company. Vetr raised Ctrip.com International from a “hold” rating to a “buy” rating and set a $52.50 price target for the company in a research report on Wednesday. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Ctrip.com International in a research report on Thursday, August 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.00.

The stock’s 50-day moving average price is $44.95 and its 200 day moving average price is $43.41. The company has a market capitalization of $21.69 billion and a P/E ratio of 107.64.

Ctrip.com International (NASDAQ:CTRP) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. The company had revenue of $664 million for the quarter, compared to analysts’ expectations of $657.24 million. The company’s revenue for the quarter was up 62.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share. Analysts predict that Ctrip.com International Ltd. will post ($0.62) earnings per share for the current year.

A hedge fund recently raised its stake in Ctrip.com International stock. Bank of Montreal Can increased its position in Ctrip.com International Ltd. (NASDAQ:CTRP) by 288.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 231,216 shares of the company’s stock after buying an additional 171,710 shares during the period. Bank of Montreal Can owned approximately 0.08% of Ctrip.com International worth $10,713,000 as of its most recent filing with the SEC.

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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