Investors Buy Shares of Ctrip.com International Ltd. (CTRP) on Weakness
Traders purchased shares of Ctrip.com International Ltd. (NASDAQ:CTRP) on weakness during trading hours on Monday. $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 companies tracked, Ctrip.com International had the 17th 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 research analysts recently weighed in on CTRP shares. Bank of America Corp. set a $53.00 price objective on Ctrip.com International and gave the company a “buy” rating in a research report on Monday, August 29th. Brean Capital reissued a “buy” rating on shares of Ctrip.com International in a report on Tuesday, May 24th. Credit Suisse Group AG started coverage on Ctrip.com International in a report on Friday. They issued an “outperform” rating and a $58.00 target price for the company. Vetr raised Ctrip.com International from a “hold” rating to a “buy” rating and set a $52.50 target price for the company in a report on Wednesday, August 31st. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $55.00 target price on shares of Ctrip.com International in a report on Thursday, June 16th. One research analyst has rated the stock with a sell rating, three have issued 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 $55.16.
The firm has a market cap of $22.12 billion and a price-to-earnings ratio of 317.22. The company’s 50-day moving average is $45.08 and its 200 day moving average is $43.44.
Ctrip.com International (NASDAQ:CTRP) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.22. During the same quarter in the prior year, the company posted $0.30 EPS. The business had revenue of $664 million for the quarter, compared to analysts’ expectations of $657.24 million. The business’s revenue for the quarter was up 62.9% on a year-over-year basis. Analysts predict that Ctrip.com International Ltd. will post ($0.70) EPS for the current fiscal year.
A hedge fund recently raised its stake in Ctrip.com International stock. BlackRock Advisors LLC boosted its stake in shares of Ctrip.com International Ltd. (NASDAQ:CTRP) by 142.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 304,389 shares of the company’s stock after buying an additional 178,855 shares during the period. BlackRock Advisors LLC owned approximately 0.11% of Ctrip.com International worth $14,102,000 at the end of the most recent 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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