Mizuho Upgrades Ctrip.Com International (NASDAQ:CTRP) to “Buy”

Mizuho upgraded shares of Ctrip.Com International (NASDAQ:CTRP) from a neutral rating to a buy rating in a report issued on Monday, May 6th, BenzingaRatingsTable reports. The brokerage currently has $55.00 target price on the stock, up from their previous target price of $35.00.

A number of other brokerages have also weighed in on CTRP. Macquarie lowered Ctrip.Com International from an outperform rating to a neutral rating in a research note on Friday, May 3rd. BidaskClub lowered Ctrip.Com International from a buy rating to a hold rating in a research note on Friday, April 26th. Sanford C. Bernstein upgraded Ctrip.Com International from a market perform rating to an outperform rating and set a $41.50 target price on the stock in a research note on Tuesday, March 26th. Zacks Investment Research upgraded Ctrip.Com International from a sell rating to a buy rating and set a $45.00 target price on the stock in a research note on Friday, March 8th. Finally, Nomura upped their target price on Ctrip.Com International from $36.00 to $44.00 and gave the stock a neutral rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $43.15.

Shares of NASDAQ:CTRP traded down $0.12 during midday trading on Monday, reaching $34.56. 2,523,426 shares of the company traded hands, compared to its average volume of 4,905,632. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.14. Ctrip.Com International has a 12 month low of $25.00 and a 12 month high of $51.91. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 2.42 and a beta of 1.52.

Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, May 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.22. Ctrip.Com International had a return on equity of 3.61% and a net margin of 14.70%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted $0.55 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities analysts predict that Ctrip.Com International will post 0.88 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of CTRP. Advisory Services Network LLC boosted its holdings in shares of Ctrip.Com International by 500.0% in the 1st quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock worth $26,000 after purchasing an additional 500 shares in the last quarter. FTB Advisors Inc. purchased a new stake in Ctrip.Com International during the 1st quarter valued at about $31,000. Parallel Advisors LLC purchased a new stake in Ctrip.Com International during the 4th quarter valued at about $32,000. First Mercantile Trust Co. purchased a new stake in Ctrip.Com International during the 4th quarter valued at about $35,000. Finally, Cornerstone Advisors Inc. boosted its holdings in Ctrip.Com International by 255.7% during the 1st quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the period. Hedge funds and other institutional investors own 62.22% of the company’s stock.

Ctrip.Com International Company Profile

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, express security check, and real-time flight status.

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Analyst Recommendations for Ctrip.Com International (NASDAQ:CTRP)

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