Ctrip.com International Ltd. (ADR) (CTRP) is Initiated by Credit Suisse to Outperform

Ctrip.com International Ltd. (ADR) (CTRP) was Initiated by Credit Suisse to “Outperform”. Credit Suisse advised their investors in a research report released on Sep 2, 2016.

Many Wall Street Analysts have commented on Ctrip.com International Ltd. (ADR). Ctrip.com International Ltd. (ADR) was Resumed by JP Morgan to “Overweight” on Aug 31, 2016.

On the company’s financial health, Ctrip.com International Ltd. (ADR) reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $-0.02. The company had revenue of $664.00 million for the quarter, compared to analysts expectations of $665.79 million. The company’s revenue was up 62.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Ctrip.com International Ltd. (ADR) opened for trading at $47.05 and hit $49.16 on the upside on Thursday, eventually ending the session at $48.96, with a gain of 3.40% or 1.61 points. The heightened volatility saw the trading volume jump to 1,16,43,392 shares. Company has a market cap of $22,627 M.

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)

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