Mizuho Securities Keeps Their Hold Rating on Ctripcom (CTRP)
In a report released today, James Lee from Mizuho Securities maintained a Hold rating on Ctripcom (CTRP). The company’s shares opened today at $39.79.
“We believe CTRP is the best in class OTA globally, though the stock appears to be fairly valued based on peer comparisons. Our remaining concern is on the international business due to macro slowdown. We would be more constructive if economic uncertainties subside.”
According to TipRanks.com, Lee is a 4-star analyst with an average return of 11.5% and a 64.4% success rate. Lee covers the Services sector, focusing on stocks such as Booking Holdings Inc, Expedia, and Alibaba.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ctripcom with a $41 average price target, representing a 3.0% upside. In a report released today, China Renaissance Securities (US) Inc. also maintained a Hold rating on the stock with a $36 price target.
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The company has a one-year high of $51.91 and a one-year low of $25. Currently, Ctripcom has an average volume of 4.08M.
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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.