Barclays Sticks to Its Buy Rating for Ctripcom (CTRP)
In a report released yesterday, Gregory Zhao from Barclays maintained a Buy rating on Ctripcom (CTRP), with a price target of $48. The company’s shares closed yesterday at $41.91.
According to TipRanks.com, Zhao is a 3-star analyst with an average return of 5.3% and a 54.5% success rate. Zhao covers the Technology sector, focusing on stocks such as NetEase Inc, Tencent, and Baidu.
Currently, the analyst consensus on Ctripcom is a Strong Buy with an average price target of $44.33, representing a 5.8% upside. In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock with a $46 price target.
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Ctripcom’s market cap is currently $22.85B and has a P/E ratio of 50.96. The company has a Price to Book ratio of 1.70.
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Ctrip.com International Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems, and advertising services.