Cowen & Co. Remains a Buy on Ctripcom

By Ryan Adsit

In a report released today, Kevin Kopelman from Cowen & Co. maintained a Buy rating on Ctripcom (NASDAQ: CTRP), with a price target of $53. The company’s shares closed on Friday at $52.48.

According to TipRanks.com, Kopelman is a 4-star analyst with an average return of 11.0% and a 68.4% success rate. Kopelman covers the Services sector, focusing on stocks such as TripAdvisor Inc, Pricelinecom, and Groupon Inc.

Currently, the analyst consensus on Ctripcom is Strong Buy and the average price target is $59.33, representing a 13.1% upside.

In a report issued on August 24, Oppenheimer also reiterated a Buy rating on the stock with a $62 price target.

The company has a one year high of $60.65 and a one year low of $39.71. Currently, Ctripcom has an average volume of 3.82M.

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Ctrip.com International Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems, and advertising services.