Ctrip.com International (NASDAQ:CTRP) Has Been Downgraded Today by Credit Suisse to a “Neutral”

November 9, 2018 - By Clifton Ray

Ctrip.com International (NASDAQ:CTRP) Receives a Downgrade

In analysts report revealed to clients and investors on Thursday, 8 November, Credit Suisse cut shares of Ctrip.com International (NASDAQ:CTRP) to a lower “Neutral” rating from the previous “Outperform” rating.

Ctrip.com International, Ltd. (NASDAQ:CTRP) Ratings Coverage

Among 8 analysts covering Ctripcom (NASDAQ:CTRP), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ctripcom has $5400 highest and $42 lowest target. $49.29’s average target is 76.73% above currents $27.89 stock price. Ctripcom had 8 analyst reports since May 21, 2018 according to SRatingsIntel. The rating was maintained by Nomura with “Buy” on Thursday, September 13. Barclays Capital maintained it with “Overweight” rating and $50 target in Monday, July 30 report. The rating was upgraded by TH Data Capital to “Buy” on Monday, May 21. The stock of Ctrip.com International, Ltd. (NASDAQ:CTRP) earned “Buy” rating by UBS on Monday, August 13. The firm has “Buy” rating by Bank of America given on Friday, September 14. Oppenheimer maintained Ctrip.com International, Ltd. (NASDAQ:CTRP) rating on Wednesday, June 6. Oppenheimer has “Buy” rating and $5400 target. The firm has “Market Perform” rating given on Thursday, September 6 by Wells Fargo. The firm earned “Buy” rating on Tuesday, June 26 by Daiwa Securities.

The stock decreased 19.02% or $6.55 during the last trading session, reaching $27.89. About 30.22 million shares traded or 414.80% up from the average. Ctrip.com International, Ltd. (NASDAQ:CTRP) has declined 29.59% since November 9, 2017 and is downtrending. It has underperformed by 45.21% the S&P500.

Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China. The company has market cap of $15.21 billion. The firm operates as an agent for hotel-related transactions; sells air tickets; and 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 flight dynamics. It has a 20.71 P/E ratio. It also provides independent leisure travelers bundled packaged-tour products comprising group tours, semi-group tours, and customized tours and packaged tours with various transportation arrangements, such as flights, cruises, and buses, as well as car rental services.

More notable recent Ctrip.com International, Ltd. (NASDAQ:CTRP) news were published by: 247Wallst.com which released: “Kinross Gold, CommScope Flop into Thursday’s 52-Week Low Club” on November 08, 2018, also Streetinsider.com with their article: “Credit Suisse Downgrades Ctrip.com (CTRP) to Neutral” published on November 08, 2018, Benzinga.com published: “65 Stocks Moving In Thursday’s Mid-Day Session” on November 08, 2018. More interesting news about Ctrip.com International, Ltd. (NASDAQ:CTRP) were released by: Nasdaq.com and their article: “Ctrip.com International, Ltd. (CTRP) Q3 2018 Earnings Conference Call Transcript” published on November 08, 2018 as well as Fool.com‘s news article titled: “Why Wynn Resorts, Ctrip.com International, and Talend Slumped Today” with publication date: November 08, 2018.

Ctrip.com International, Ltd. (NASDAQ:CTRP) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:

Recent Market News