Stocks: Ctrip.Com International Ltd (CTRP) Price Target Increased to $63.00 by Analysts at Stifel Nicolaus

Stocks: Ctrip.Com International Ltd (CTRP) Price Target Increased to $63.00 by Analysts at Stifel Nicolaus

Ctrip.Com International Ltd (NASDAQ:CTRP) had its price objective boosted by Stifel Nicolaus from $58.00 to $63.00 in a report released on Thursday. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on CTRP. Sanford C. Bernstein initiated coverage on Ctrip.Com International in a research report on Wednesday, January 11th. They set a market perform rating and a $41.00 price target for the company. Cowen and Company reiterated an outperform rating and set a $60.00 price target on shares of Ctrip.Com International in a research report on Monday, April 3rd. Morgan Stanley lifted their price target on Ctrip.Com International from $52.00 to $57.00 and gave the company an overweight rating in a research report on Thursday, February 23rd. Zacks Investment Research upgraded Ctrip.Com International from a hold rating to a buy rating and set a $51.00 price target for the company in a research report on Friday, February 17th. Finally, Oppenheimer Holdings Inc. reiterated an outperform rating and set a $60.00 price target (up previously from $55.00) on shares of Ctrip.Com International in a research report on Friday, February 24th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $56.35.

Ctrip.Com International (NASDAQ:CTRP) traded up 1.39% during midday trading on Thursday, reaching $54.90. 2,997,854 shares of the company traded hands. Ctrip.Com International has a one year low of $37.36 and a one year high of $56.75. The firm has a 50-day moving average price of $49.95 and a 200-day moving average price of $45.59. The firm has a market capitalization of $28.52 billion, a price-to-earnings ratio of 819.40 and a beta of 1.56. Ctrip.Com International also was the recipient of some unusual options trading on Wednesday. Stock investors purchased 8,948 put options on the company. This represents an increase of approximately 293% compared to the average daily volume of 2,277 put options.

Ctrip.Com International (NASDAQ:CTRP) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.20. The firm had revenue of $730 million during the quarter, compared to the consensus estimate of $720.91 million. Ctrip.Com International had a negative return on equity of 3.17% and a negative net margin of 11.48%. During the same quarter last year, the company posted $0.11 EPS. Equities analysts predict that Ctrip.Com International will post $0.36 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in CTRP. American International Group Inc. boosted its position in shares of Ctrip.Com International by 0.3% in the first quarter. American International Group Inc. now owns 23,512 shares of the company’s stock worth $1,156,000 after buying an additional 63 shares during the period. Nippon Life Insurance Co. boosted its position in shares of Ctrip.Com International by 3.4% in the third quarter. Nippon Life Insurance Co. now owns 2,273 shares of the company’s stock worth $106,000 after buying an additional 74 shares during the period. First Republic Investment Management Inc. boosted its position in shares of Ctrip.Com International by 1.5% in the fourth quarter. First Republic Investment Management Inc. now owns 13,108 shares of the company’s stock worth $524,000 after buying an additional 193 shares during the period. Commonwealth Equity Services Inc boosted its position in shares of Ctrip.Com International by 1.3% in the third quarter. Commonwealth Equity Services Inc now owns 15,570 shares of the company’s stock worth $725,000 after buying an additional 200 shares during the period. Finally, Oberweis Asset Management Inc. boosted its position in shares of Ctrip.Com International by 0.4% in the fourth quarter. Oberweis Asset Management Inc. now owns 70,250 shares of the company’s stock worth $2,810,000 after buying an additional 250 shares during the period. 72.13% of the stock is currently owned by institutional investors and hedge funds.

Ctrip.Com International Company Profile

Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.

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