Trading Report: Today, Brean Capital Reiterates Buy Rating for Ctrip.com International Ltd. (CTRP)

Today, Brean Capital Reiterates Buy Rating for Ctrip.com International Ltd. (CTRP)

Ctrip.com International Ltd. (NASDAQ:CTRP)‘s stock had its “buy” rating reaffirmed by research analysts at Brean Capital in a note issued to investors on Friday.

The analysts wrote, “Consolidation of the domestic travel market and continued efforts to build one-stop travel ecosystem warrants both growth as well as operating leverage ahead.”

Several other equities analysts have also commented on CTRP. HSBC raised shares of Ctrip.com International from a “hold” rating to a “buy” rating in a report on Friday. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $53.00 target price (up previously from $50.00) on shares of Ctrip.com International in a report on Saturday, September 3rd. TheStreet lowered shares of Ctrip.com International from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $55.00 target price on shares of Ctrip.com International in a report on Monday, September 5th. Finally, Nomura reissued a “buy” rating and set a $57.00 price target (up previously from $49.00) on shares of Ctrip.com International in a research report on Wednesday, September 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Ctrip.com International currently has an average rating of “Buy” and an average price target of $55.81.

Shares of Ctrip.com International (NASDAQ:CTRP) opened at 40.99 on Friday. The stock’s 50 day moving average is $0.00 and its 200 day moving average is $0.00. Ctrip.com International has a 52-week low of $35.50 and a 52-week high of $55.60.

Ctrip.com International (NASDAQ:CTRP) last released its earnings results on Wednesday, November 23rd. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Ctrip.com International had a net margin of 2.90% and a return on equity of 0.91%. The company had revenue of $836 million for the quarter. During the same period in the prior year, the business posted $1.10 EPS. Ctrip.com International’s revenue for the quarter was up 61.0% on a year-over-year basis. On average, analysts anticipate that Ctrip.com International will post ($0.72) EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in Ctrip.com International by 124.5% in the first quarter. Envestnet Asset Management Inc. now owns 60,702 shares of the company’s stock worth $2,687,000 after buying an additional 33,666 shares in the last quarter. Euclid Advisors LLC raised its stake in Ctrip.com International by 64.6% in the first quarter. Euclid Advisors LLC now owns 169,935 shares of the company’s stock worth $7,522,000 after buying an additional 66,679 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Ctrip.com International by 139.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,045,580 shares of the company’s stock worth $43,078,000 after buying an additional 609,284 shares in the last quarter. British Columbia Investment Management Corp raised its stake in Ctrip.com International by 151.1% in the second quarter. British Columbia Investment Management Corp now owns 76,600 shares of the company’s stock worth $3,156,000 after buying an additional 46,100 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in Ctrip.com International by 173.3% in the second quarter. Gulf International Bank UK Ltd now owns 83,580 shares of the company’s stock worth $3,443,000 after buying an additional 53,000 shares in the last quarter. Institutional investors and hedge funds own 68.30% of the company’s stock.

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