The stock of Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) gapped up by $2.56 today and has $48.71 target or 8.00% above today’s $45.10 share price. The 6 months technical chart setup indicates low risk for the $21.94B company. The gap was reported on Nov, 25 by Barchart.com. If the $48.71 price target is reached, the company will be worth $1.76 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 15.76 million shares traded hands or 329.43% up from the average. Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) has declined 13.01% since April 22, 2016 and is downtrending. It has underperformed by 18.42% the S&P500.
Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) Ratings Coverage
Out of 15 analysts covering Ctrip.com International Ltd. (NASDAQ:CTRP), 15 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Ctrip.com International Ltd. has been the topic of 32 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Brean Capital maintained it with “Buy” rating and $52 target price in Thursday, June 16 report. Goldman Sachs upgraded the stock to “Buy” rating in Monday, October 26 report. As per Thursday, August 6, the company rating was upgraded by Morgan Stanley. The company was upgraded on Friday, August 28 by Stifel Nicolaus. Piper Jaffray maintained Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) on Tuesday, August 4 with “Buy” rating. The stock of Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) has “Buy” rating given on Friday, August 14 by Piper Jaffray. Credit Agricole upgraded Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) on Friday, February 19 to “Buy” rating. The firm has “Buy” rating by Zacks given on Monday, August 10. Raymond James downgraded Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) on Friday, November 13 to “Strong Buy” rating. Brean Capital maintained Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) rating on Thursday, November 19. Brean Capital has “Buy” rating and $130 price target.
According to Zacks Investment Research, “Ctrip.com International, Ltd. is a leading travel service provider of hotel accommodations, airline tickets and packaged-tours in China. Ctrip aggregates information on hotels and flights and enables customers to make informed and cost-effective hotel and flight bookings. Ctrip targets primarily business and leisure travelers in China who do not travel in group. These travelers form a traditionally under-served yet fast-growing segment of the China travel industry. Ctrip has experienced substantial growth and become one of the best-known travel brands in China.”
More notable recent Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) news were published by: Marketwatch.com which released: “Ctrip.com International Ltd. ADR” on December 21, 2009, also Fool.com with their article: “Earnings Show No Surprises at Ctrip.com International, Ltd. (ADR)” published on September 01, 2016, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011. More interesting news about Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) were released by: Fool.com and their article: “How Will Ctrip.com International, Ltd. (ADR) Evolve in a Consolidated Market?” published on August 25, 2016 as well as Fool.com‘s news article titled: “Ctrip.com International, Ltd. (ADR) Grows Revenue, but Investors Are Worried …” with publication date: March 17, 2016.
CTRP Company Profile
Ctrip.com International, Ltd. (Ctrip), incorporated on March 1, 2000, is a travel service well-known provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Firm aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements. In addition, it offers a range of other travel-related services, including travelers’ reviews, attraction tickets, travel-related financing and car services, and travel insurance and visa services to meet the various booking and travelling needs of both leisure and business travelers. The Firm also offers Internet-related advertising and other related services.
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