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Stock analysts at Aegis reduced their price objective on shares of Qunar (NASDAQ:QUNR) to $30.00 in a report issued on Friday, Analyst Ratings Network.com reports. Aegis’ price objective points to a potential upside of 28.87% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Macquarie initiated coverage on shares of Qunar in a research note on Monday, March 24th. They set a “neutral” rating and a $30.00 price target on the stock. Analysts at Pacific Crest raised their price target on shares of Qunar from $34.00 to $40.00 in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.68.

Shares of Qunar (NASDAQ:QUNR) traded down 2.10% during mid-day trading on Friday, hitting $22.79. The stock had a trading volume of 466,478 shares. Qunar has a 52-week low of $22.32 and a 52-week high of $36.73. The stock has a 50-day moving average of $27.53 and a 200-day moving average of $28.09. The company’s market cap is $2.599 billion.

Qunar (NASDAQ:QUNR) last released its earnings data on Thursday, May 15th. The company reported ($0.27) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.15. The company had revenue of $54.00 million for the quarter, compared to the consensus estimate of $50.06 million. Analysts expect that Qunar will post $-0.40 EPS for the current fiscal year.

Qunar Cayman Islands Limited is a search-based commerce platform for the travel industry in China. The Company’s customers include travel service providers (NASDAQ:QUNR) and display advertisers.

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