Market Overview

UPDATE: J.P. Morgan Initiates Coverage on Ctrip.com on Multiple Positive Factors

Share:
Related CTRP
After-Hours Recap: The Markets' Big Week And Some After-Hours Movers
China Eastern Air Holding, Ctrip Announce New Strategic Collaboration
Baron Funds Comments on Ctrip.com International (GuruFocus)

In a report published Friday, J.P. Morgan analyst Alex Yao initiated coverage on Ctrip.com International Ltd. (NASDAQ: CTRP) with a Neutral rating and $44.00 price target.

In the report, J.P. Morgan noted, “We initiate coverage on Ctrip with a Neutral rating and a Jun-14 PT of USD44. The intensive coupon-based price competition within China's OTA market has eased since late 2012. We believe Ctrip is likely to see continued margin improvement over the next few years, driven by: 1) a more benign competitive environment, and 2) increasing profitability of projects that are currently under incubation (e.g. Tujia, etc). 3) higher return of user acquisition cost of mobile users.”

Ctrip.com International Ltd. closed on Thursday at $47.22.

Latest Ratings for CTRP

DateFirmActionFromTo
Mar 2016Brean CapitalMaintainsBuy
Mar 2016Summit ResearchTerminatesBuy
Feb 2016CLSAUpgradesUnderperformBuy

View More Analyst Ratings for CTRP
View the Latest Analyst Ratings

Posted-In: Alex Yao J.P. MorganAnalyst Color Initiation Analyst Ratings

 

Related Articles (CTRP)

View Comments and Join the Discussion!