Investors Buy Shares of Ctrip.com International Ltd. (CTRP) on Weakness
Investors purchased shares of Ctrip.com International Ltd. (NASDAQ:CTRP) on weakness during trading hours on Friday. $56.16 million flowed into the stock on the tick-up and $44.38 million flowed out of the stock on the tick-down, for a money net flow of $11.78 million into the stock. Of all equities tracked, Ctrip.com International had the 47th highest net in-flow for the day. Ctrip.com International traded down ($1.06) for the day and closed at $47.90
A number of equities analysts have recently weighed in on the company. Credit Suisse Group AG assumed coverage on Ctrip.com International in a report on Friday. They issued an “outperform” rating and a $58.00 target price on the stock. Vetr upgraded Ctrip.com International from a “hold” rating to a “buy” rating and set a $52.50 target price on the stock in a report on Wednesday. JPMorgan Chase & Co. assumed coverage on Ctrip.com International in a report on Wednesday. They issued an “overweight” rating and a $53.00 target price on the stock. Bank of America Corp. set a $53.00 target price on Ctrip.com International and gave the company a “buy” rating in a report on Monday, August 29th. Finally, Morgan Stanley upped their target price on Ctrip.com International from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, August 25th. One equities research 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’s stock. Ctrip.com International has an average rating of “Buy” and a consensus price target of $55.00.
The company has a market capitalization of $21.69 billion and a PE ratio of 107.64. The company has a 50 day moving average of $45.08 and a 200 day moving average of $43.44.
Ctrip.com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, August 31st. The company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.22. During the same quarter in the prior year, the firm posted $0.30 EPS. The company earned $664 million during the quarter, compared to analysts’ expectations of $657.24 million. The firm’s quarterly revenue was up 62.9% on a year-over-year basis. On average, analysts predict that Ctrip.com International Ltd. will post ($0.62) EPS for the current year.
An institutional investor recently raised its position in Ctrip.com International stock. Bank of Montreal Can increased its stake in Ctrip.com International Ltd. (NASDAQ:CTRP) by 288.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 0.08% of Ctrip.com International worth $10,713,000 as of its most recent SEC filing.
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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