Ctrip (CTRP) Downgraded by BidaskClub to Sell

BidaskClub downgraded shares of Ctrip (NASDAQ:CTRP) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

A number of other research analysts have also recently commented on the company. Oppenheimer reissued an outperform rating and issued a $53.00 target price on shares of Ctrip in a research note on Friday, January 26th. Deutsche Bank started coverage on Ctrip in a research note on Monday, February 5th. They issued a hold rating and a $50.00 target price on the stock. TheStreet cut Ctrip from a b rating to a c+ rating in a research note on Monday, January 22nd. Zacks Investment Research cut Ctrip from a hold rating to a sell rating in a research note on Wednesday, January 3rd. Finally, Morgan Stanley started coverage on Ctrip in a research note on Friday, January 5th. They issued a weight rating and a $48.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Ctrip currently has a consensus rating of Hold and a consensus target price of $54.79.

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CTRP opened at $42.65 on Tuesday. The firm has a market capitalization of $22,243.82, a P/E ratio of 72.29, a PEG ratio of 4.19 and a beta of 1.80. The company has a current ratio of 1.40, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. Ctrip has a 52 week low of $42.36 and a 52 week high of $60.65.

Ctrip (NASDAQ:CTRP) last released its earnings results on Wednesday, March 14th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The firm had revenue of $987.54 million during the quarter, compared to the consensus estimate of $1 billion. Ctrip had a net margin of 8.00% and a return on equity of 2.64%. The firm’s revenue was up 35.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. sell-side analysts anticipate that Ctrip will post 0.52 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of CTRP. Schwab Charles Investment Management Inc. purchased a new stake in Ctrip during the third quarter valued at about $4,373,000. Dimensional Fund Advisors LP boosted its position in Ctrip by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 883,432 shares of the company’s stock valued at $46,596,000 after buying an additional 37,955 shares during the period. WIM Asset Management HK Ltd purchased a new stake in Ctrip during the fourth quarter valued at about $8,681,000. First Citizens Bank & Trust Co. purchased a new stake in Ctrip during the fourth quarter valued at about $353,000. Finally, KCS Wealth Advisory purchased a new stake in Ctrip during the fourth quarter valued at about $441,000. Institutional investors and hedge funds own 69.24% of the company’s stock.

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About Ctrip

Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China. The company operates as an agent for hotel-related transactions; sells air tickets; and 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 flight dynamics.

Analyst Recommendations for Ctrip (NASDAQ:CTRP)

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