Tuniu Corp. (TOUR) Stock Price Down 1.8%
Tuniu Corp. (NASDAQ:TOUR)’s share price 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.
TOUR has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Tuniu Corp. from a “sell” rating to a “buy” rating and set a $9.25 target price on the stock in a report on Wednesday, June 29th. Deutsche Bank AG began coverage on shares of Tuniu Corp. in a research note on Friday, May 20th. They issued a “buy” rating and a $11.00 price target on the stock. Summit Research restated a “buy” rating and issued a $22.00 price target on shares of Tuniu Corp. in a research note on Sunday, March 13th. Finally, Morgan Stanley lowered shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $18.00 to $14.00 in a research note on Tuesday, April 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Tuniu Corp. currently has a consensus rating of “Hold” and a consensus price target of $14.06.
The company’s market cap is $827.90 million. The company’s 50-day moving average price is $8.53 and its 200-day moving average price is $10.92.
Tuniu Corp. (NASDAQ:TOUR) last posted its quarterly earnings data on Tuesday, May 24th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by $0.01. During the same quarter last year, the firm posted ($3.50) EPS. The firm had revenue of $315.10 million for the quarter, compared to the consensus estimate of $317.60 million. The business’s revenue for the quarter was up 62.8% on a year-over-year basis. Equities research analysts expect that Tuniu Corp. will post ($15.04) EPS for the current fiscal year.
An institutional investor recently bought a new position in Tuniu Corp. stock. First Trust Advisors LP acquired a new stake in Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 87,126 shares of the company’s stock, valued at approximately $1,392,000. First Trust Advisors LP owned about 0.09% of Tuniu Corp. as of its most recent filing with the SEC.
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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