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Citigroup Decides to Give Ctrip.com International (NASDAQ:CTRP) a Lower Rating. The TP is Now $35

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

In an analyst report sent to clients and investors on Thursday, 8 November, Citigroupdecided to downgrade shares of Ctrip.com International (NASDAQ:CTRP) from their “Buy” rating to a “Neutral”. The brokerage firm currently has a $35 target price on the stock.

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. As per Tuesday, June 26, the company rating was upgraded by Daiwa Securities. On Thursday, September 6 the stock rating was maintained by Wells Fargo with “Market Perform”. The firm has “Buy” rating given on Thursday, September 13 by Nomura. The rating was maintained by Oppenheimer with “Buy” on Wednesday, June 6. The stock of Ctrip.com International, Ltd. (NASDAQ:CTRP) earned “Buy” rating by Bank of America on Friday, September 14. The stock has “Buy” rating by UBS on Monday, August 13. The rating was maintained by Barclays Capital with “Overweight” on Monday, July 30. The stock of Ctrip.com International, Ltd. (NASDAQ:CTRP) earned “Buy” rating by TH Data Capital on Monday, May 21.

The stock decreased 19.02% or $6.55 during the last trading session, reaching $27.89. About 30.21M shares traded or 453.33% 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: Nasdaq.com which released: “Ctrip.com International, Ltd. (CTRP) Q3 2018 Earnings Conference Call Transcript” on November 08, 2018, also 247Wallst.com with their article: “Kinross Gold, CommScope Flop into Thursday’s 52-Week Low Club” published on November 08, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For November 8, 2018” on November 08, 2018. More interesting news about Ctrip.com International, Ltd. (NASDAQ:CTRP) were released by: Streetinsider.com and their article: “CLSA Downgrades Ctrip.com (CTRP) to Underperform” published on November 08, 2018 as well as Streetinsider.com‘s news article titled: “Credit Suisse Downgrades Ctrip.com (CTRP) to Neutral” with publication date: November 08, 2018.

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

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