Ctrip.Com International Ltd (CTRP) Price Target Cut to $27.00

Gladys Abbott
May 20, 2017

Morgan Stanley upgraded Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) rating on Thursday, August 6. Oppenheimer Holdings Inc. restated an outperform rating and issued a $65.00 target price (up from $60.00) on shares of Ctrip.Com International in a report on Friday, May 12th. The rating was maintained by Brean Capital on Thursday, June 16 with "Buy". The rating was upgraded by ING Group to "Buy" on Friday, September 4. The rating was initiated by Nomura on Friday, January 22 with "Buy".

There are 1 sell rating, 2 hold ratings, 15 buy ratings on the stock. The stock of Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) earned "Buy" rating by HSBC on Friday, November 25.

Shares of Ctrip.Com International (NASDAQ:CTRP) traded down 1.24% on Thursday, reaching $55.73. Why are the underperforming company shares moving higher? In terms of the stock price in relation to its moving averages, company shares are 6.44% away from the 20-day moving average and 11.14% off of the 50-day average. The stock has a market capitalization of $29.32 billion, a P/E ratio of 842.24 and a beta of 1.56. 10, 2017. Thanks to an increase of nearly 12.07% in the past one month, the stock price is now outperforming with 37.22% so far on the year - still in strong zone.

International (NASDAQ:CTRP) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.03) by $0.20. The company had revenue of $730 million for the quarter, compared to analysts' expectations of $720.91 million.

01/11/2017 - Sanford C. Bernstein began new coverage on Ctrip.com International, Ltd. giving the company a "market perform" rating. Sure, the percentage is discouraging but better times are ahead as looking out over a next 5-year period, analysts expect the company to see its earnings go up by 1.64%, annually.

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The current ratio for Ctrip.com International, Ltd. NASDAQ shows a rate of 1.5 with its quick ratio of 1.5.

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Nepsis Capital Management Inc decreased Ctrip Com Intl Ltd (CTRP) stake by 18.8% reported in 2016Q4 SEC filing. Sit Investment Associates Inc. increased its stake in shares of Ctrip.Com International by 13.8% in the first quarter. Price T Rowe Associates Inc. Nippon Life Insurance Co. increased its stake in Ctrip.Com International by 3.4% in the third quarter. Over the last five days, shares have managed 9.84% gains and now is up 61.73% since hitting its 200-day moving average of $1.34. Winslow Capital Management LLC bought a new position in shares of Ctrip.Com International during the third quarter worth $248,137,000. Zacks Investment Research's sales averages are a mean average based on a survey of sell-side research firms that cover Ctrip.Com International. Nippon Life Insurance Co. now owns 2,273 shares of the company's stock valued at $106,000 after buying an additional 74 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Ctrip.Com International by 50.3% in the third quarter. The average volume stands around 4.34 million shares.

International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Firm aggregates hotel and transportation information to enable business and leisure travelers to make bookings.

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