Trade Report: Today, Ctrip.com International Ltd. (CTRP) Rating Increased to Buy at HSBC

Today, Ctrip.com International Ltd. (CTRP) Rating Increased to Buy at HSBC

Ctrip.com International Ltd. (NASDAQ:CTRP) was upgraded by HSBC from a “hold” rating to a “buy” rating in a report issued on Friday, The Fly reports.

A number of other brokerages have also issued reports on CTRP. Brean Capital restated a “buy” rating on shares of Ctrip.com International in a research report on Tuesday, August 23rd. TheStreet lowered shares of Ctrip.com International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $55.00 price objective on shares of Ctrip.com International in a research report on Thursday, August 18th. Zacks Investment Research lowered shares of Ctrip.com International from a “hold” rating to a “sell” rating in a research report on Tuesday, November 15th. Finally, Nomura reiterated a “buy” rating and issued a $57.00 price objective (up from $49.00) on shares of Ctrip.com International in a research report on Wednesday, September 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $55.81.

Shares of Ctrip.com International (NASDAQ:CTRP) opened at 40.99 on Friday. The stock has a 50 day moving average of $0.00 and a 200-day moving average of $0.00. Ctrip.com International has a 12 month low of $35.50 and a 12 month high of $55.60.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. increased its position in Ctrip.com International by 21.9% in the third quarter. D.A. Davidson & CO. now owns 11,824 shares of the company’s stock worth $548,000 after buying an additional 2,125 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Ctrip.com International by 31.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 23,551,572 shares of the company’s stock worth $1,096,797,000 after buying an additional 5,701,896 shares in the last quarter. Sawtooth Solutions LLC increased its position in Ctrip.com International by 9.3% in the third quarter. Sawtooth Solutions LLC now owns 7,901 shares of the company’s stock worth $368,000 after buying an additional 675 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in Ctrip.com International by 2.2% in the third quarter. Ameritas Investment Partners Inc. now owns 6,718 shares of the company’s stock worth $313,000 after buying an additional 142 shares in the last quarter. Finally, NS Partners Ltd increased its position in Ctrip.com International by 43.5% in the third quarter. NS Partners Ltd now owns 19,742 shares of the company’s stock worth $919,000 after buying an additional 5,981 shares in the last quarter. 68.30% of the stock is owned by institutional investors.

About Ctrip.com International

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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