Has HSBC Securities Lost Faith in Ctrip.com International Ltd (NASDAQ:CTRP) After Recent Downgrade


Ctrip.com International Ltd (NASDAQ:CTRP) Receives a Downgrade

Ctrip.com International Ltd (NASDAQ:CTRP) was just lowered by stock research analysts at HSBC Securities from a Buy to a Hold in an analyst research report issued to clients and investors on Tuesday, 8 December. The firm currently has a $55.00 target price per share on shares. HSBC Securities’s target price per share means a possible upside of 3.58% for the stock.

From a total of 24 analysts covering Ctrip.com International Ltd. (NASDAQ:CTRP) stock, 24 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 92% of the ratings are positive. The highest target price is $71 while the lowest target price is $40. The mean of all analyst targets is $58.41 with a 97.36% above today’s ($52.98) stock price. Ctrip.com International Ltd. was the topic of 21 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. HSBC downgraded shares on December 8 to “Hold” rating. Morgan Stanley upgraded shares to “Overweight” rating and $98 target share price in a report from an August 6. Oppenheimer maintained CTRP stock in a recent report from November 19 with “Outperform” rating. Finally, Stifel Nicolaus maintained the stock with “Buy” rating in a report issued on a November 19.

The stock decreased 0.28% or $0.15 during the last trading session, striking $52.98. Approximately shares of stock traded hands. Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) has declined 16.34% since May 6, 2015 and is downtrending. It has underperformed by 15.55% the S&P500.

 Has HSBC Securities Lost Faith in Ctrip.com International Ltd (NASDAQ:CTRP) After Recent Downgrade

Ctrip.com International, Ltd. is a travel service well-known provider for hotel accommodations, transportation ticketing services, packaged tours and corporate travel management in China. The company has a market cap of $15.09 billion. The Firm aggregates hotel and flight information to enable business and leisure travelers to make informed bookings. It has 60.24 P/E ratio. The Firm also helps clients book tour packages and guided tours.

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.” Get a free copy of the Zacks research report on Ctrip.com International, Ltd. (ADR) (CTRP).