Price Change to Note: Is Ctrip.Com International Ltd (ADR) a Buy? The Stock Rises Again

Price Change to Note: Is Ctrip.Com International Ltd (ADR) a Buy? The Stock Rises Again

The stock of Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) is a huge mover today! About 7.55M shares traded hands or 105.72% 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.
The move comes after 8 months positive chart setup for the $22.45B company. It was reported on Nov, 25 by Barchart.com. We have $49.27 PT which if reached, will make NASDAQ:CTRP worth $1.57B more.

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

Out of 15 analysts covering Ctrip.com International Ltd. (NASDAQ:CTRP), 15 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Ctrip.com International Ltd. has been the topic of 32 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Oppenheimer maintained it with “Outperform” rating and $95 target price in Wednesday, August 5 report. Piper Jaffray maintained it with “Buy” rating and $91 target price in Tuesday, August 4 report. Brean Capital maintained Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) on Thursday, June 16 with “Buy” rating. The company was upgraded on Wednesday, October 7 by Bank of America. The stock has “Buy” rating given by HSBC on Friday, November 25. The company was maintained on Thursday, January 14 by Oppenheimer. The firm earned “Buy” rating on Thursday, March 17 by Brean Capital. Stifel Nicolaus maintained Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) rating on Thursday, November 19. Stifel Nicolaus has “Buy” rating and $125 price target. The stock of Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) has “Buy” rating given on Friday, February 19 by Credit Agricole. The rating was maintained by Summit Research on Monday, September 21 with “Buy”.

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.”

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 Benzinga.com‘s news article titled: “Mid-Morning Market Update: Markets Open Higher; Ctrip.Com To Acquire Skyscanner” with publication date: November 25, 2016.

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.

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