Ctrip.com International Ltd. (CTRP) : Analyst Rating Update

Ctrip.com International Ltd. (CTRP) has an average broker rating of 1.19, which is interpreted as a Strong Buy, as rated by 8 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Ctrip.com International Ltd. (CTRP) : The consensus price target for Ctrip.com International Ltd. (CTRP) is $51.62 for the short term with a standard deviation of $3.52. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $55, however, the pessimist price target for the company is $44.

Ctrip.com International Ltd. (NASDAQ:CTRP): The stock opened at $40.42 on Wednesday but the bulls could not build on the opening and the stock topped out at $40.62 for the day. The stock traded down to $39.58 during the day, due to lack of any buying support eventually closed down at $40.22 with a loss of -1.08% for the day. The stock had closed at $40.66 on the previous day. The total traded volume was 4,330,926 shares.

Also, In a research note released to the investors, Brean Capital maintains its rating on Ctrip.com International Ltd. (NASDAQ:CTRP).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Buy by the brokerage firm. In a recent information released to the investors, Brean Capital lowers the new price target from $56 per share to $52 per share. The rating by the firm was issued on June 16, 2016. The company shares have rallied 17.26% from its 1 Year high price. On Nov 19, 2015, the shares registered one year high at $57.36 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $41.92 and the 200 Day Moving Average price is recorded at $43.04.

Ctrip.com International, Ltd. is a travel service provider for hotel accommodations, transportation ticketing services, packaged tours and corporate travel management in China. The Company aggregates hotel and flight information to enable business and leisure travelers to make informed bookings. The Company also helps customers book tour packages and guided tours. In addition, its corporate travel management services help corporate clients manage their travel requirements. The Company also offers Internet-related advertising and other related services. The Company enables its customers to choose and reserve hotel rooms in cities throughout China and abroad; book and purchase transportation tickets for domestic and international flights and trains, and choose and reserve packaged tours that include transportation and accommodations, as well as guided tours and other value-added services in some instances.

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