Ctrip.Com International (CTRP) Given New $49.00 Price Target at Nomura
Ctrip.Com International (NASDAQ:CTRP) had its price objective reduced by equities researchers at Nomura from $52.00 to $49.00 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Nomura’s target price would indicate a potential upside of 29.97% from the stock’s previous close.
A number of other research firms also recently issued reports on CTRP. BidaskClub raised Ctrip.Com International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 16th. TheStreet raised Ctrip.Com International from a “c+” rating to a “b-” rating in a research report on Monday, June 18th. Cowen reissued a “buy” rating and set a $51.00 price target on shares of Ctrip.Com International in a research report on Sunday, July 1st. Zacks Investment Research raised Ctrip.Com International from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a research report on Monday, June 25th. Finally, Barclays set a $54.00 price target on Ctrip.Com International and gave the stock a “buy” rating in a research report on Wednesday, May 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Ctrip.Com International has a consensus rating of “Hold” and a consensus target price of $49.17.
CTRP opened at $37.70 on Thursday. Ctrip.Com International has a 12-month low of $35.95 and a 12-month high of $56.46. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $19.94 billion, a PE ratio of 63.90, a PEG ratio of 1.87 and a beta of 1.85.
About Ctrip.Com International
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection and real-time flight status.
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