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Ctrip.com International (CTRP) in Focus: Stock Jumps 9.8%


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

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