logo
  Join        Login             Stock Quote

Ctrip.Com International (CTRP) Upgraded To 'Buy' By Brean Capital; PT $25

 February 01, 2013 02:04 PM
 


(By Balachander) Ctrip.com International Ltd. (NASDAQ: CTRP) shares were upgraded to "Buy" from "Hold" by Brean Capital LLC with a price target of $25 on confidence in management's execution and right strategy taking shape.

The brokerage said it is confident that the company has undergone a meaningful fundamental transformation in the past quarters: from

business and offline-centric previously to leisure and online-oriented; from lack of growth due to underinvestment in high growth areas to actively seeking and capturing opportunities.

Brean Capital is of the view that China is at an early stage of robust travel growth on the back of a strong secular trend of travel shifting from offline to online. The key to capturing the growth is the right strategy and execution.

[Related -Yelp Inc (YELP): Yelp! Options Buzzing As Shares Rocket Higher]

"We are confident in management's execution and are positive the right strategy is starting to take shape," the brokerage said in a note.

That said, Brean Capital said its upgrade does not overlook the facts: competition remains intensive and could be intensified down the road;

the upcoming air coupon could likely have some further pressure on margin.

"Yet, with the right strategy and right execution, we believe we will likely see accelerated revenue growth with margin bottoming in the coming quarters," the brokerage wrote.

American depositary receipts (ADR) of the China-based travel service provider jumped 5.30 percent to trade at $20.86 on Friday. The stock has been trading in the 52-week range of $12.36 to $28.12.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageXerox Corp. (XRX): An Insider’s $500,000 Insider Buy

Last week was a healthy week of insider buying as 194 companies reported purchase records. The number read on...

article imageQihoo 360 Technology Co Ltd. (QIHU) Q2 Earnings Preview: A Green Monday

Qihoo 360 Technology Co Ltd. (NYSE:QIHU) will report its second quarter 2014 financial results on Monday, read on...

article imageSix Stocks that Could Outperform in the next 90 days

Earlier today, Goldman Sachs put out its list of the 50 stocks that Matter Most. It’s a list of the 50 read on...

article imageFoot Locker, Inc. (FL) Q2 Earnings Preview: Running Past the Street View

Foot Locker, Inc. (NYSE:FL) plans to report financial results for its second quarter ended August 2, 2014 read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.