Qunar Cayman Islands’s “Outperform” Rating Reiterated at Pacific Crest (QUNR)
Qunar Cayman Islands (NASDAQ:QUNR)‘s stock had its “outperform” rating restated by equities researchers at Pacific Crest in a research report issued on Friday. They currently have a $39.00 price objective on the stock, up from their previous price objective of $34.00. Pacific Crest’s price objective points to a potential upside of 34.30% from the company’s current price.
Separately, analysts at Deutsche Bank upgraded shares of Qunar Cayman Islands from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. They now have a $31.00 price target on the stock, up previously from $27.00. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $28.67.
Shares of Qunar Cayman Islands (NASDAQ:QUNR) traded up 7.92% during mid-day trading on Friday, hitting $31.34. 3,219,088 shares of the company’s stock traded hands. Qunar Cayman Islands has a one year low of $21.00 and a one year high of $36.73. The stock’s 50-day moving average is $28.21 and its 200-day moving average is $27.57. The company’s market cap is $3.551 billion.
Qunar Cayman Islands (NASDAQ:QUNR) last issued its quarterly earnings data on Thursday, August 21st. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by $0.32. The company had revenue of $64.50 million for the quarter, compared to the consensus estimate of $56.03 million. On average, analysts predict that Qunar Cayman Islands will post $-0.76 earnings per share 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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