Ctrip.com International Ltd. (NASDAQ:CTRP) has been assigned a consensus recommendation of “Buy” from the twenty-two ratings firms that are presently covering the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $55.77.

A number of research analysts have recently weighed in on the stock. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $55.00 price objective on shares of Ctrip.com International in a research note on Thursday, August 18th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $53.00 target price (up from $50.00) on shares of Ctrip.com International in a research note on Saturday, September 3rd. Zacks Investment Research raised shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. JPMorgan Chase & Co. assumed coverage on shares of Ctrip.com International in a research note on Wednesday, August 31st. They issued an “overweight” rating and a $53.00 target price for the company. Finally, Goldman Sachs Group Inc. assumed coverage on shares of Ctrip.com International in a research note on Monday, July 25th. They issued a “buy” rating and a $52.00 target price for the company.

A number of institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of Ctrip.com International by 585.0% in the first quarter. State Street Corp now owns 18,645,595 shares of the company’s stock worth $133,408,000 after buying an additional 15,923,490 shares in the last quarter. AXA raised its position in shares of Ctrip.com International by 23.3% in the first quarter. AXA now owns 10,584 shares of the company’s stock worth $468,000 after buying an additional 2,000 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of Ctrip.com International during the first quarter worth approximately $6,465,000. Envestnet Asset Management Inc. raised its position in shares of Ctrip.com International by 124.5% in the first quarter. Envestnet Asset Management Inc. now owns 60,702 shares of the company’s stock worth $2,687,000 after buying an additional 33,666 shares in the last quarter. Finally, Springbok Capital Management LLC purchased a new position in shares of Ctrip.com International during the first quarter worth approximately $1,115,000. Hedge funds and other institutional investors own 62.43% of the company’s stock.

Shares of Ctrip.com International (NASDAQ:CTRP) opened at 41.10 on Thursday. The stock’s 50 day moving average price is $0.00 and its 200-day moving average price is $0.00. Ctrip.com International has a 52-week low of $35.50 and a 52-week high of $57.36.

About Ctrip.com International

Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company 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.

5 Day Chart for NASDAQ:CTRP

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