Tuniu Corp. (TOUR) Trading Down 1.8%
Tuniu Corp. (NASDAQ:TOUR) dropped 1.8% during mid-day trading on Friday . The company traded as low as $8.82 and last traded at $8.87, with a volume of 112,127 shares traded. The stock had previously closed at $9.03.
A number of research analysts have weighed in on TOUR shares. Summit Research reissued a “buy” rating and set a $22.00 target price on shares of Tuniu Corp. in a research report on Sunday, March 13th. Morgan Stanley lowered shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $18.00 to $14.00 in a research report on Tuesday, April 26th. Zacks Investment Research lowered shares of Tuniu Corp. from a “buy” rating to a “sell” rating in a research report on Friday, April 29th. Finally, Deutsche Bank AG started coverage on shares of Tuniu Corp. in a research report on Friday, May 20th. They set a “buy” rating and a $11.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $14.06.
The stock’s market capitalization is $827.90 million. The company’s 50-day moving average price is $8.53 and its 200 day moving average price is $10.97.
Tuniu Corp. (NASDAQ:TOUR) last released its earnings results on Tuesday, May 24th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by $0.01. The company had revenue of $315.10 million for the quarter, compared to the consensus estimate of $317.60 million. The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($3.50) EPS. On average, analysts expect that Tuniu Corp. will post ($14.96) earnings per share for the current year.
An institutional investor recently raised its position in Tuniu Corp. stock. Henderson Group PLC increased its position in shares of Tuniu Corp. (NASDAQ:TOUR) by 4.3% during the fourth quarter, Holdings Channel reports. The fund owned 541,306 shares of the company’s stock after buying an additional 22,306 shares during the period. Henderson Group PLC owned approximately 0.58% of Tuniu Corp. worth $8,658,000 as of its most recent SEC filing.
Tuniu Corporation is an online travel company. The Company offers a selection of packaged tours, including organized tours, self-guided tours and travel-related services for leisure travelers. Its online platform, which consists of its tuniu.com Website and mobile platform, provides product and travel information to enable leisure travelers to plan their travels.
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