Oppenheimer Maintains an 'Outperform' on Ctrip.com (CTRP); Attractively Valuation Especially on New Buyback Plan

Article Stock Quotes (1) Comments (0)

Oppenheimer maintains an 'Outperform' on Ctrip.com (NASDAQ: CTRP) price target of $30.00.

Analyst, Andy Yeung, said, "We expect investors to react positively to the share buyback announcement. Furthermore, despite near-term macroeconomic headwinds and heightened concerns over competition."

Cuts FY12 EPS estimate from $0.74 to $0.62 and FY13 from $0.87 to $0.83.

For an analyst ratings summary and ratings history on Ctrip.com click here. For more ratings news on Ctrip.com click here.

Shares of Ctrip.com closed at $16.47 yesterday, with a 52 week range of $16.25-$47.54.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
• Janney Capital Trims Numbers on Buckle (BKE), Margins Peaking
• Needham & Company Lifts Numbers on Marvell (MRVL) on Solid Results

Create E-mail Alert Related Categories

Analyst Comments, Stock Buybacks

Related Entities

Stock Buyback

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?