Ctrip.Com International (CTRP) Research Coverage Started at Morgan Stanley

Morgan Stanley started coverage on shares of Ctrip.Com International (NASDAQ:CTRP) in a research report released on Friday, January 5th. The brokerage issued a weight rating and a $48.00 price objective on the stock.

Several other research analysts have also weighed in on the stock. Barclays started coverage on shares of Ctrip.Com International in a research note on Monday, October 9th. They set an overweight rating and a $62.00 price objective on the stock. Cowen reissued a buy rating and set a $57.00 price objective on shares of Ctrip.Com International in a research note on Sunday, October 8th. JPMorgan Chase & Co. lowered shares of Ctrip.Com International from an overweight rating to a neutral rating and set a $45.00 price target on the stock. in a research note on Thursday, December 7th. BidaskClub lowered shares of Ctrip.Com International from a sell rating to a strong sell rating in a research note on Saturday, December 9th. Finally, Oppenheimer reaffirmed a buy rating and issued a $58.00 price target (down previously from $62.00) on shares of Ctrip.Com International in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $56.91.

Ctrip.Com International (NASDAQ CTRP) traded down $0.05 during trading on Friday, reaching $47.66. 3,780,000 shares of the company traded hands, compared to its average volume of 4,490,000. Ctrip.Com International has a twelve month low of $42.53 and a twelve month high of $60.65. The company has a market cap of $24,960.00, a price-to-earnings ratio of 78.13 and a beta of 1.74. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rathbone Brothers plc increased its holdings in Ctrip.Com International by 2.8% during the second quarter. Rathbone Brothers plc now owns 4,255 shares of the company’s stock worth $229,000 after buying an additional 115 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Ctrip.Com International by 0.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 14,281 shares of the company’s stock worth $769,000 after buying an additional 117 shares during the last quarter. GRATRY & Co LLC increased its holdings in Ctrip.Com International by 2.5% during the second quarter. GRATRY & Co LLC now owns 6,100 shares of the company’s stock worth $329,000 after buying an additional 150 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Ctrip.Com International by 3.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 13,800 shares of the company’s stock worth $747,000 after buying an additional 440 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in Ctrip.Com International by 6.2% during the second quarter. Ameritas Investment Partners Inc. now owns 7,983 shares of the company’s stock worth $430,000 after buying an additional 465 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

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About Ctrip.Com International

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.

Analyst Recommendations for Ctrip.Com International (NASDAQ:CTRP)

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