Ctrip.com International Ltd. (CTRP) Receives Price Target

Ctrip.com International Ltd. (CTRP) : The most positive equity analysts on Ctrip.com International Ltd. (CTRP) expects the shares to touch $55, whereas, the least positive believes that the stock will trade at $44 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $51.99 with an expected fluctuation of $3.72 from the mean.

Ctrip.com International Ltd. (CTRP) : Zacks Investment Research ranks Ctrip.com International Ltd. (CTRP) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. The average broker rating of 8 research analysts is 1.19, which indicates as a Strong Buy.


Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, maintains their rating on the shares of Ctrip.com International Ltd. (NASDAQ:CTRP). Morgan Stanley has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $55 per share from a prior target of $53. The rating by the firm was issued on August 25, 2016.

Ctrip.com International Ltd. (NASDAQ:CTRP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.05 and $46.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.96, notching a gain of 3.40% for the day. The total traded volume was 11,643,392 . The stock had closed at $47.35 on the previous day.

Ctrip.com International, Ltd. is a travel service provider for hotel accommodations, transportation ticketing services, packaged tours and corporate travel management in China. The Company aggregates hotel and flight information to enable business and leisure travelers to make informed bookings. The Company also helps customers book tour packages and guided tours. In addition, its corporate travel management services help corporate clients manage their travel requirements. The Company also offers Internet-related advertising and other related services. The Company enables its customers to choose and reserve hotel rooms in cities throughout China and abroad; book and purchase transportation tickets for domestic and international flights and trains, and choose and reserve packaged tours that include transportation and accommodations, as well as guided tours and other value-added services in some instances.

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