Ctrip.Com International (CTRP) Rating Increased to Sell at BidaskClub
Ctrip.Com International (NASDAQ:CTRP) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.
A number of other brokerages have also weighed in on CTRP. TheStreet raised Ctrip.Com International from a “c+” rating to a “b-” rating in a research report on Monday, June 18th. Cowen reissued a “buy” rating and issued a $51.00 price target on shares of Ctrip.Com International in a research report on Sunday, July 1st. Zacks Investment Research raised Ctrip.Com International from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research report on Monday, June 25th. Barclays reduced their price target on Ctrip.Com International from $54.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, July 30th. Finally, ValuEngine lowered Ctrip.Com International from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $49.23.
Shares of NASDAQ CTRP opened at $38.65 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $20.10 billion, a price-to-earnings ratio of 65.51, a PEG ratio of 1.89 and a beta of 1.76. Ctrip.Com International has a twelve month low of $33.00 and a twelve month high of $55.88.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CTRP. Dimensional Fund Advisors LP raised its position in shares of Ctrip.Com International by 10.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,017,610 shares of the company’s stock worth $47,441,000 after acquiring an additional 99,519 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Ctrip.Com International during the 1st quarter valued at about $234,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Ctrip.Com International by 36.2% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 169,300 shares of the company’s stock valued at $7,893,000 after buying an additional 45,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Ctrip.Com International by 28.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 460,704 shares of the company’s stock valued at $21,478,000 after buying an additional 101,053 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Ctrip.Com International by 1,257.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock valued at $172,000 after buying an additional 3,419 shares in the last quarter. 66.56% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Ctrip.Com International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip.Com International and related companies with MarketBeat.com's FREE daily email newsletter.