Wells Fargo Sticks to Its Hold Rating for Ctripcom (CTRP)


Wells Fargo analyst Peter Stabler maintained a Hold rating on Ctripcom (NASDAQ: CTRP) today. The company’s shares closed yesterday at $34.49, close to its 52-week low of $33.00.

According to TipRanks.com, Stabler is a 5-star analyst with an average return of 30.2% and a 72.3% success rate. Stabler covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ctripcom with a $46.80 average price target.

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Based on Ctripcom’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $373 million. In comparison, last year the company had a net profit of $184 million.

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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.

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