Ctrip.com International Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:CTRP)
Shares of Ctrip.com International (NASDAQ:CTRP) have received a consensus rating of “Buy” from the seventeen ratings firms that are covering the stock, Analyst Ratings Network reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $56.59.
A number of analysts have recently weighed in on CTRP shares. Analysts at JPMorgan Chase & Co. upgraded shares of Ctrip.com International from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, January 14th. Separately, analysts at UBS AG initiated coverage on shares of Ctrip.com International in a research note to investors on Monday, January 13th. They set a “buy” rating on the stock. Finally, analysts at Credit Agricole downgraded shares of Ctrip.com International from an “outperform” rating to an “underperform” rating in a research note to investors on Friday, January 10th.
Shares of Ctrip.com International (NASDAQ:CTRP) traded up 2.68% on Monday, hitting $40.56. 1,268,571 shares of the company’s stock traded hands. Ctrip.com International has a 52 week low of $18.87 and a 52 week high of $61.09. The stock has a 50-day moving average of $43.02 and a 200-day moving average of $47.87. The company has a market cap of $5.336 billion and a P/E ratio of 38.46.
Ctrip.com International, Ltd. (NASDAQ:CTRP) is a travel service provider for hotel accommodations, airline tickets and packaged tours in China.
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