Tuniu Corp. (TOUR) Stock Price Down 3%
Shares of Tuniu Corp. (NASDAQ:TOUR) fell 3% on Friday . The stock traded as low as $9.34 and last traded at $9.38, with a volume of 121,679 shares changing hands. The stock had previously closed at $9.67.
Several research firms have weighed in on TOUR. Zacks Investment Research raised Tuniu Corp. from a “sell” rating to a “buy” rating and set a $9.25 price target on the stock in a report on Wednesday, June 29th. Morgan Stanley cut Tuniu Corp. from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $18.00 to $14.00 in a report on Tuesday, April 26th. Finally, Deutsche Bank AG began coverage on Tuniu Corp. in a report on Friday, May 20th. They issued a “buy” rating and a $11.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.06.
The stock’s market cap is $873.63 million. The company’s 50-day moving average is $8.61 and its 200 day moving average is $10.74.
Tuniu Corp. (NASDAQ:TOUR) last issued its quarterly earnings data on Tuesday, May 24th. The company reported ($0.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by $0.01. During the same period in the prior year, the firm earned ($3.50) earnings per share. The company earned $315.10 million during the quarter, compared to the consensus estimate of $317.60 million. Tuniu Corp.’s revenue for the quarter was up 62.8% compared to the same quarter last year. Equities research analysts anticipate that Tuniu Corp. will post ($15.05) 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 stake in Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 87,126 shares of the company’s stock, valued at approximately $1,392,000. First Trust Advisors LP owned approximately 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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