Ctrip.com International Ltd. CTRP was a big mover last session, as the company saw its shares rise almost 10% on the day. The upside was driven by the company’s better-than-expected quarterly earnings, upgrade to “buy” from “hold” by HDFC, and announcement of its decision to acquire Edinburgh-based travel search site – Skyscanner. This breaks the recent trend of the company since Oct 20, as the stock is now trading above the volatile price range of $40.62 to $43.57 in the past one-month time frame.
In the last 30 days, the company has seen one upward estimate revision but the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Ctrip.com International currently carries a Zacks Rank #3 (Hold).
A better-ranked Internet-Commerce stock is Mercadolibre, Inc. MELI, which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CTRP going up? Or down? Predict to see what others think: Up or Down
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public. Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Zacks Investment Research