Analysts at Bernstein, assumed coverage of Ctrip.com International, Ltd. (NASDAQ:CTRP) with Mkt Perform recommendation, according to their opinion released on January 14. Analysts at Credit Suisse downgraded the stock to a Neutral call from its previous Outperform stance, in a research note that dated back to November 08.
How do you judge Wall Street’s opinion of CTRP stock? You could look at price, sure. But that doesn’t tell the whole story. Short sellers are getting bullish about Ctrip.com International, Ltd. (NASDAQ:CTRP) during the most recent two-week period. Looking at the sentiment indicator for the CTRP stock we see that the short-interest ratio is at 3.410694 while the average analyst recommendations at 2.6 suggests buying these shares. Between January 15 and January 31, the total number of shorted shares amounted to 15.02 million shares. That was 15.44% less than the total of 17.76 million shares in the space of prior two weeks, which means more traders or funds betting that the stock will go up. Average daily volume for Ctrip.com International, Ltd. at the January 31st settlement jumped to 4,403,952, as compared to 3,574,881 at the January 15th report. That brought days to cover 31.35% down from the 4.96859 days to cover recorded at the prior short interest data release.
By watching the trading activity of corporate insiders, it will become easier to get a sense of Ctrip.com International, Ltd. (NASDAQ:CTRP)’s prospects.
Ctrip.com International, Ltd. (CTRP) is expected to jump by 3.61 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $47 price as 12-month high target. This represents a whopping 42.42 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $33.95, which represents a return potential of 2.88 percent when compared to the closing price of the stock of $33 on Monday, February 11. The lowest price target for the stock is $24 — slightly more than -27.27 percent from CTRP’s current share price.
The shares are currently floating around the first support level of $32.46. Below this, the next support is placed in the zone of $31.92. Till the time, the CTRP stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 58.27 on daily chart, which may remain a cause for concern. If the price breaks below $31.92 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $33.39 mark may result into a pull-back move towards $33.78 level.
CTRP shares accumulated 0.62 points or 1.91 percent on Monday to $33 with a light trade volume of 2.484 million shares. After opening the session at $32.75, the shares went as high as $33.24 and as low as $32.31, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $17.8 billion and now has 540.5 million shares outstanding. Ctrip.com International, Ltd. (CTRP) stock has gained 9.71 percent of market value in 21 trading days.
CTRP stock has a trailing 3-year beta of 1.52, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.59 a share in the trailing twelve months. The stock’s value has surged 21.95 percent year to date (YTD) against a decline of -26.06 percent in 12 month’s time. The company’s shares still trade -36.43 percent away from its 1-year high of $51.91 and 32 percent up from 52-week low of $25.00. The average consensus rating on the company is 2.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Ctrip.com International, Ltd. (CTRP) are trading at a P/E ratio of 55.11 times earnings reported for the past 12 months. The industry CTRP operates in has an average P/E of 43.94. Its P/E ratio went as low as 42.33X and as high as 177.74 over the 5-year span. Further, it is sporting a 4.07 on the Price-to-Sales ratio. Compare this with the industry average P/S of 6.86. 80.5 percent is the gross profit margin for Ctrip.com International, Ltd. and operating margin sits at 10.5 percent. Along with this, the net profit margin is 9 percent.
CTRP will be showing off its Q4 earnings on March 13. Analysts are forecasting revenue to climb 15.1 percent to $1.06B in the next fiscal quarter, while earnings are seen soaring by nearly -116.67 percent to -$0.03 per share. History has shown that shares in Ctrip.com International, Ltd. have gone up on 19 different earnings reaction days and are predicted to add 0.07 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.42 per share, better than the $0.28, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $9.36B, better than the $9.26B analysts expected. Earnings are estimated to increase by 211.4 percent this year, 3.51 percent next year and continue to increase by 2.14 percent annually for the next 5 years.