Ctrip.com International Ltd. (ADR) (CTRP) is Resumed by JP Morgan to Overweight

Ctrip.com International Ltd. (ADR) (CTRP) was Resumed by JP Morgan to “Overweight”. JP Morgan advised their investors in a research report released on Aug 31, 2016.

On the company’s financial health, Ctrip.com International Ltd. (ADR) reported $2.20 EPS for the quarter, beating the analyst consensus estimate by $ 1.96 according to the earnings call on Nov 18, 2015. Analyst had a consensus of $0.24. The company had revenue of $528.00 million for the quarter, compared to analysts expectations of $494.16 million. The company’s revenue was up 52.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Ctrip.com International Ltd. (ADR) closed down -0.3 points or -0.63% at $47.14 with 26,43,200 shares getting traded on Monday. Post opening the session at $47.45, the shares hit an intraday low of $46.8 and an intraday high of $47.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Ctrip.com International Ltd. (ADR)

Leave a Reply

Ctrip.com International Ltd. (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ctrip.com International Ltd. (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.