Tuniu Corp. (TOUR) Trading 3.5% Higher
Tuniu Corp. (NASDAQ:TOUR)’s share price traded up 3.5% during trading on Monday . The company traded as high as $9.19 and last traded at $9.18, with a volume of 147,224 shares traded. The stock had previously closed at $8.87.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Tuniu Corp. from a “sell” rating to a “buy” rating and set a $9.25 price objective for the company in a research report on Wednesday, June 29th. Deutsche Bank AG assumed coverage on shares of Tuniu Corp. in a research report on Friday, May 20th. They set a “buy” rating and a $11.00 price objective for the company. Morgan Stanley downgraded shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $18.00 to $14.00 in a research report on Tuesday, April 26th. Finally, Summit Research restated a “buy” rating and set a $22.00 price objective on shares of Tuniu Corp. in a research report on Sunday, March 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.06.
The stock’s 50-day moving average price is $8.53 and its 200 day moving average price is $10.92. The company’s market capitalization is $860.57 million.
Tuniu Corp. (NASDAQ:TOUR) last released its quarterly earnings results on Tuesday, May 24th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by $0.01. The firm had revenue of $315.10 million for the quarter, compared to analyst estimates of $317.60 million. The company’s quarterly revenue was up 62.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.50) earnings per share. Analysts forecast that Tuniu Corp. will post ($15.04) earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Tuniu Corp. stock. First Trust Advisors LP acquired a new position in Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent filing with the SEC. The firm 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 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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