Qunar Cayman Islands Stock Rating Reaffirmed by Macquarie (QUNR)
Qunar Cayman Islands (NASDAQ:QUNR)‘s stock had its “neutral” rating reaffirmed by Macquarie in a research note issued on Tuesday. They currently have a $22.00 price objective on the stock, down from their previous price objective of $30.00. Macquarie’s price objective suggests a potential upside of 3.68% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Pacific Crest cut their price target on shares of Qunar Cayman Islands from $40.00 to $34.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Aegis cut their price target on shares of Qunar Cayman Islands to $30.00 in a research note on Friday. Finally, analysts at Aegis initiated coverage on shares of Qunar Cayman Islands in a research note on Thursday, March 13th. They set a “hold” rating and a $36.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Qunar Cayman Islands currently has an average rating of “Hold” and a consensus price target of $26.35.
Qunar Cayman Islands (NASDAQ:QUNR) traded up 5.33% during mid-day trading on Tuesday, hitting $22.35. The stock had a trading volume of 577,128 shares. Qunar Cayman Islands has a 52 week low of $21.03 and a 52 week high of $36.73. The stock’s 50-day moving average is $27.1 and its 200-day moving average is $27.99. The company’s market cap is $7.355 billion.
Qunar Cayman Islands (NASDAQ:QUNR) last issued its quarterly earnings data on Friday, May 16th. The company reported ($0.27) EPS for the quarter, missing the Thomson Reuters 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 Cayman Islands will post $-0.68 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.