Oppenheimer Maintains an 'Outperform' on Ctrip.com (CTRP); Attractively Valuation Especially on New Buyback Plan
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Price: $34.93 --0%
Rating Summary:
22 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 11 | New: 17
Rating Summary:
22 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 11 | New: 17
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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.
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.
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