Tuniu Corp. (TOUR) Trading Up 3.5%
Shares of Tuniu Corp. (NASDAQ:TOUR) were up 3.5% during mid-day trading on Monday . The company traded as high as $9.19 and last traded at $9.18, with a volume of 147,224 shares changing hands. The stock had previously closed at $8.87.
A number of analysts have recently issued reports on TOUR shares. Deutsche Bank AG started coverage on shares of Tuniu Corp. in a report on Friday, May 20th. They issued a “buy” rating and a $11.00 price objective on the stock. Zacks Investment Research downgraded shares of Tuniu Corp. from a “buy” rating to a “sell” rating in a report on Friday, April 29th. Finally, Morgan Stanley downgraded shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $18.00 to $14.00 in a report on Tuesday, April 26th. One 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 stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.06.
The firm has a 50-day moving average price of $8.55 and a 200 day moving average price of $10.76. The stock’s market cap is $879.23 million.
Tuniu Corp. (NASDAQ:TOUR) last posted its quarterly earnings results on Tuesday, May 24th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by $0.01. The business earned $315.10 million during the quarter, compared to analysts’ expectations of $317.60 million. During the same quarter last year, the firm earned ($3.50) EPS. The business’s quarterly revenue was up 62.8% on a year-over-year basis. Analysts anticipate that Tuniu Corp. will post ($15.04) EPS for the current year.
A hedge fund recently bought a new stake in Tuniu Corp. stock. First Trust Advisors LP purchased a new position in Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 87,126 shares of the company’s stock, valued at approximately $1,392,000. First Trust Advisors LP owned 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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