Ctrip.Com International (NASDAQ:CTRP) has been assigned a $24.00 target price by Deutsche Bank in a report released on Thursday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price would suggest a potential downside of 8.15% from the stock’s previous close.
CTRP has been the topic of a number of other reports. BidaskClub cut shares of Ctrip.Com International from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. CLSA cut shares of Ctrip.Com International from an “outperform” rating to an “underperform” rating and set a $38.00 price target on the stock. in a research note on Thursday. Wells Fargo & Co dropped their price target on shares of Ctrip.Com International from $46.00 to $42.00 and set a “market perform” rating on the stock in a research note on Thursday, September 6th. ValuEngine upgraded shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Finally, Zacks Investment Research cut shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $40.63.
Shares of CTRP stock traded down $1.76 during trading on Thursday, reaching $26.13. 9,926,955 shares of the company’s stock traded hands, compared to its average volume of 5,839,413. The stock has a market capitalization of $18.63 billion, a P/E ratio of 44.29, a PEG ratio of 2.64 and a beta of 1.83. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.33. Ctrip.Com International has a 1 year low of $25.78 and a 1 year high of $51.91.
A number of hedge funds and other institutional investors have recently bought and sold shares of CTRP. Sumitomo Life Insurance Co. purchased a new stake in Ctrip.Com International in the 3rd quarter worth approximately $123,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Ctrip.Com International by 1,257.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock worth $172,000 after purchasing an additional 3,419 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Ctrip.Com International by 174.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock worth $179,000 after purchasing an additional 2,383 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Ctrip.Com International by 339.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 12,800 shares of the company’s stock worth $181,000 after purchasing an additional 9,888 shares in the last quarter. Finally, 180 Wealth Advisors LLC purchased a new stake in Ctrip.Com International in the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 66.85% of the company’s stock.
About Ctrip.Com International
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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