Analysts expect Ctrip.Com International Ltd (NASDAQ:CTRP) to announce sales of $1.18 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ctrip.Com International’s earnings. The lowest sales estimate is $1.17 billion and the highest is $1.20 billion. Ctrip.Com International reported sales of $1.07 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The firm is scheduled to issue its next earnings results on Tuesday, May 28th.

According to Zacks, analysts expect that Ctrip.Com International will report full year sales of $5.44 billion for the current fiscal year, with estimates ranging from $5.19 billion to $5.61 billion. For the next financial year, analysts forecast that the business will post sales of $6.47 billion, with estimates ranging from $6.10 billion to $6.76 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Ctrip.Com International.

A number of equities analysts have commented on the stock. Morgan Stanley raised shares of Ctrip.Com International from an “equal” rating to an “overweight” rating and lifted their target price for the stock from $32.00 to $43.00 in a research note on Tuesday, March 5th. Mizuho reaffirmed a “hold” rating on shares of Ctrip.Com International in a research note on Tuesday, March 5th. Zacks Investment Research raised shares of Ctrip.Com International from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, January 8th. BidaskClub raised shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Finally, Barclays lifted their target price on shares of Ctrip.Com International from $38.00 to $48.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $42.41.

CTRP stock traded up $0.39 during trading on Monday, reaching $41.67. 5,153,218 shares of the stock were exchanged, compared to its average volume of 5,442,459. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.15 and a quick ratio of 1.22. Ctrip.Com International has a 1 year low of $25.00 and a 1 year high of $51.91. The company has a market capitalization of $22.54 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.51.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Ctrip.Com International by 37.9% in the 4th quarter. BlackRock Inc. now owns 24,957,149 shares of the company’s stock valued at $675,341,000 after acquiring an additional 6,861,461 shares during the period. Capital World Investors raised its stake in shares of Ctrip.Com International by 30.7% in the 3rd quarter. Capital World Investors now owns 18,667,452 shares of the company’s stock valued at $693,869,000 after acquiring an additional 4,384,893 shares during the period. Vanguard Group Inc. raised its stake in shares of Ctrip.Com International by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,410,537 shares of the company’s stock valued at $498,469,000 after acquiring an additional 255,314 shares during the period. Vanguard Group Inc raised its stake in shares of Ctrip.Com International by 1.9% in the 3rd quarter. Vanguard Group Inc now owns 13,410,537 shares of the company’s stock valued at $498,469,000 after acquiring an additional 255,314 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Ctrip.Com International by 6.0% in the 4th quarter. Fisher Asset Management LLC now owns 10,229,173 shares of the company’s stock valued at $276,801,000 after acquiring an additional 574,975 shares during the period. 65.08% of the stock is currently owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for Ctrip.Com International (NASDAQ:CTRP)

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