Rating Watching: Is Ctrip.com International (NASDAQ:CTRP) a Stock to Buy After HSBC Upgrade?

November 25, 2016 - By Darrin Black

Rating Watching:  Is Ctrip.com International (NASDAQ:CTRP) a Stock to Buy After HSBC Upgrade?

Ctrip.com International (NASDAQ:CTRP) Upgrade

Ctrip.com International (NASDAQ:CTRP) was boosted by HSBC from a Hold rating to Buy rating in a a research report released on Friday morning. The firm currently has a $53.00 price target on the stock. HSBC’s price target gives a potential upside of 17.75% from the stock’s last stock close price.

Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) Ratings Coverage

Out of 15 analysts covering Ctrip.com International Ltd. (NASDAQ:CTRP), 14 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 93% are positive. $130 is the highest target while $50 is the lowest. The $69.77 average target is 55.01% above today’s ($45.01) stock price. Ctrip.com International Ltd. has been the topic of 31 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Brean Capital maintained the stock with “Buy” rating in Thursday, November 19 report. As per Thursday, November 19, the company rating was maintained by Oppenheimer. The firm has “Buy” rating given on Wednesday, September 23 by Credit Agricole. Brean Capital maintained the stock with “Buy” rating in Thursday, March 17 report. The firm has “Buy” rating given on Thursday, June 16 by Brean Capital. The firm earned “Overweight” rating on Wednesday, August 31 by JP Morgan. The firm has “Strong Buy” rating by Raymond James given on Friday, November 13. As per Monday, September 21, the company rating was maintained by Summit Research. As per Friday, February 19, the company rating was upgraded by CLSA. The stock of Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) earned “Outperform” rating by Credit Suisse on Friday, September 2.

The stock increased 9.81% or $4.02 during the last trading session, hitting $45.01. About 15.61 million shares traded hands or 325.34% up from the average. Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) has declined 13.01% since April 22, 2016 and is downtrending. It has underperformed by 18.42% the S&P500.

Ctrip.com International, Ltd. is a travel service well-known provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The company has a market cap of $21.94 billion. The Firm aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It has a 153.01 P/E ratio. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.

According to Zacks Investment Research, “Ctrip.com International, Ltd. is a leading travel service provider of hotel accommodations, airline tickets and packaged-tours in China. Ctrip aggregates information on hotels and flights and enables customers to make informed and cost-effective hotel and flight bookings. Ctrip targets primarily business and leisure travelers in China who do not travel in group. These travelers form a traditionally under-served yet fast-growing segment of the China travel industry. Ctrip has experienced substantial growth and become one of the best-known travel brands in China.”

CTRP Company Profile

Ctrip.com International, Ltd. (Ctrip), incorporated on March 1, 2000, is a travel service well-known provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Firm 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. In addition, it offers a range of other travel-related services, including travelers’ reviews, attraction tickets, travel-related financing and car services, and travel insurance and visa services to meet the various booking and travelling needs of both leisure and business travelers. The Firm also offers Internet-related advertising and other related services.

More notable recent Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) news were published by: Fool.com which released: “Earnings Show No Surprises at Ctrip.com International, Ltd. (ADR)” on September 01, 2016, also Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 12, 2011, Fool.com published: “How Will Ctrip.com International, Ltd. (ADR) Evolve in a Consolidated Market?” on August 25, 2016. More interesting news about Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) were released by: Marketwatch.com and their article: “Ctrip.com International Ltd. ADR” published on December 21, 2009 as well as Fool.com‘s news article titled: “Ctrip.com International, Ltd. (ADR) Grows Revenue, but Investors Are Worried …” with publication date: March 17, 2016.

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