Raymond James Upgrades Ctrip.com International to Market Perform (CTRP)
Ctrip.com International (NASDAQ: CTRP) was upgraded by equities research analysts at Raymond James (NYSE: RJF) from an “underperform” rating to a “market perform” rating in a research note issued to investors on Thursday.
Several other analysts have also recently commented on the stock. Analysts at Brean Murray upgraded shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Mirae Asset upgraded shares of Ctrip.com International from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $28.00 price target on the stock, up previously from $26.00. Finally, analysts at ThinkEquity initiated coverage on shares of Ctrip.com International in a research note to investors on Wednesday, May 9th. They set a “hold” rating on the stock.
Shares of Ctrip.com International traded down 3.25% during mid-day trading on Thursday, hitting $20.23. Ctrip.com International has a 52 week low of $20.55 and a 52 week high of $47.54. The company has a market cap of $2.906 billion and a P/E ratio of 19.90.
Ctrip.com International last released its earnings data on Wednesday, May 16th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. Analysts expect that Ctrip.com International will post $0.28 EPS next quarter.
Ctrip.com International, Ltd. (Ctrip) is a travel service provider for hotel accommodations, airline tickets and packaged tours in China.