Ctrip Reports Unaudited First Quarter of 2016 Financial Results
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Nomura Securities Reiterates Buy on Ctrip.com (CTRP) Following 1Q Earnings Report
June 17, 2016 9:21 AM EDTNomura Securities reiterated a Buy rating and $49.00 price target on Ctrip.com (NASDAQ: CTRP) following the company's 1Q earnings report. CTRP reported revenues at CNY4.2bn. Ctrips and Qunars hotel business remained robust, with revenue growth of 38% and 134% y-y, respectively. The company... More
Ctrip's (CTRP) Buy Rating Maintained at Deutsche Bank
June 16, 2016 2:15 PM EDTDeutsche Bank maintained a Buy rating on Ctrip.com (NASDAQ: CTRP) with a price target of $60. Earlier the company reports strong Q1 results, though Q2 guidance was soft. Analyst Alvin Jiang said he sees solid growth.
"We expect Ctrip to continue its solid revenue growth on its... More
Brean Capital Reiterates Buy on Ctrip.com (CTRP) Following Solid 1Q Results
June 16, 2016 10:02 AM EDTBrean Capital maintained a Buy rating on Ctrip.com (NASDAQ: CTRP), and cut the price target to $52.00 (from $56.00), following the company's 1Q earnings report. Net revenue came in at RMB 4.2bn, implying 80% YoY growth, slightly above consensus expectations of 79%. Non-GAAP EPS was $0.09, exceeding the consensus expectation of $-0.05.
Analyst Fawne Jiang... More
Oppenheimer Remains Bullish on Ctrip.com (CTRP) Following Solid 1Q and Guide
June 16, 2016 9:56 AM EDTOppenheimer maintained an Outperform rating and $55.00 price target on Ctrip.com (NASDAQ: CTRP) following the company's 1Q earnings report and guidance. 2Q net revenue guidance of +70-75% y/y implies pro-forma revenue +28% y/y at midpoint vs. 40% in 1Q. Non-GAAP operating margin was... More
Piper Jaffray Remains Bullish on Ctrip.com (CTRP) Following 1Q and Guidance
June 16, 2016 8:42 AM EDTPiper Jaffray maintained an Overweight rating and $50.00 price target on Ctrip.com (NASDAQ: CTRP) following the company's 1Q earnings report. Revenues came in at CNY 4.18B, slightly ahead of the Street's CNY 4.1B estimate. Q2 guidance calls for net CNY revenue growth of 70-75% y/y, below... More
Ctrip.com (CTRP) Posts Smaller Q1 Loss; Sees Revs Up 70-75% in Q2
June 15, 2016 6:04 PM EDTCtrip.com (NASDAQ: CTRP) reported Q1 EPS of (RMB3.49) (US$-0.54), RMB0.13 better than the analyst estimate of (RMB3.62). Revenue for the quarter rose 80% to RMB4.2 billion (US$648 million) versus the consensus estimate of RMB4.14 billion.
"The first quarter of 2016... More
