Ctrip.com International Ltd. (CTRP) Receives ‘Analyst’ Rating

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.

Ctrip.com International Ltd. (CTRP) : The most positive equity analysts on Ctrip.com International Ltd. (CTRP) expects the shares to touch $56, whereas, the least positive believes that the stock will trade at $52 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $53.86 with an expected fluctuation of $1.46 from the mean.


Also, Credit Suisse assumes its rating on Ctrip.com International Ltd. (NASDAQ:CTRP). The global brokerage major announces a current price target of $58 per share. Analysts at the Credit Suisse have a current rating of Outperform on the shares. The rating by the firm was issued on September 2, 2016.

Ctrip.com International Ltd. (NASDAQ:CTRP): After opening at $43.15, the stock dipped to an intraday low of $42.71 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $43.97 and the buying power remained strong till the end. The stock closed at $43.75 for the day, a gain of 2.15% for the day session. The total traded volume was 5,412,939. The stocks close on the previous trading day was $42.83.

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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