Analysts at Morgan Stanley assumed coverage on shares of Ctrip.Com International (NASDAQ:CTRP) in a research report issued to clients and investors on Friday. The brokerage set a “weight” rating and a $48.00 price target on the stock. Morgan Stanley’s target price would suggest a potential upside of 3.87% from the company’s current price.
Several other brokerages have also issued reports on CTRP. Zacks Investment Research raised Ctrip.Com International from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. JPMorgan Chase & Co. lowered Ctrip.Com International from an “overweight” rating to a “neutral” rating and set a $45.00 target price for the company. in a research note on Thursday, December 7th. Oppenheimer reaffirmed a “buy” rating and issued a $53.00 target price on shares of Ctrip.Com International in a research note on Tuesday, December 12th. BidaskClub downgraded Ctrip.Com International from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Finally, Benchmark decreased their target price on Ctrip.Com International from $58.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $55.58.
Shares of Ctrip.Com International (CTRP) traded down $0.39 during midday trading on Friday, hitting $46.21. The stock had a trading volume of 3,920,700 shares, compared to its average volume of 5,862,767. Ctrip.Com International has a 52 week low of $41.71 and a 52 week high of $60.65. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $24,370.00, a price-to-earnings ratio of 75.75 and a beta of 1.74.
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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