Ctrip.Com International (CTRP) Downgraded by J P Morgan Chase & Co to Neutral
Ctrip.Com International (NASDAQ:CTRP) was downgraded by stock analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a $45.00 target price on the stock. J P Morgan Chase & Co’s price target indicates a potential upside of 2.83% from the company’s previous close.
Several other equities analysts have also commented on the company. TheStreet upgraded Ctrip.Com International from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. Oppenheimer restated a “buy” rating and set a $62.00 price target on shares of Ctrip.Com International in a research note on Thursday, August 31st. Benchmark cut their price target on Ctrip.Com International from $61.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. Cowen restated a “buy” rating and set a $53.00 price target (down previously from $60.00) on shares of Ctrip.Com International in a research note on Monday, August 28th. Finally, Instinet restated a “buy” rating and set a $61.00 price target on shares of Ctrip.Com International in a research note on Tuesday, September 5th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.75.
Ctrip.Com International (CTRP) traded down $1.52 during mid-day trading on Thursday, reaching $43.76. The company’s stock had a trading volume of 11,232,688 shares, compared to its average volume of 4,197,601. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.51 and a current ratio of 1.51. Ctrip.Com International has a twelve month low of $39.71 and a twelve month high of $60.65. The stock has a market capitalization of $23,583.38, a price-to-earnings ratio of 76.58 and a beta of 1.73.
Ctrip.Com International Company Profile
Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.
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