Qunar Cayman Islands Given Neutral Rating at Macquarie (QUNR)
Qunar Cayman Islands (NASDAQ:QUNR)‘s stock had its “neutral” rating reissued by research analysts at Macquarie in a report released on Monday. They currently have a $30.00 price objective on the stock, up from their previous price objective of $22.00. Macquarie’s price objective suggests a potential downside of 2.34% from the stock’s previous close.
A number of other firms have also recently commented on QUNR. Analysts at Aegis reiterated a “hold” rating on shares of Qunar Cayman Islands in a research note on Friday. Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of Qunar Cayman Islands in a research note on Friday. They now have a $39.00 price target on the stock, up previously from $34.00. Finally, 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Qunar Cayman Islands currently has a consensus rating of “Hold” and a consensus target price of $30.00.
Shares of Qunar Cayman Islands (NASDAQ:QUNR) traded up 0.10% during mid-day trading on Monday, hitting $30.75. The stock had a trading volume of 196,927 shares. Qunar Cayman Islands has a one year low of $21.00 and a one year high of $36.73. The stock has a 50-day moving average of $28.28 and a 200-day moving average of $27.61. The company’s market cap is $3.485 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 $-0.94 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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