Tuniu Corp. (TOUR) Stock Price Down 3%
Tuniu Corp. (NASDAQ:TOUR)’s share price dropped 3% during mid-day trading on Friday . The company traded as low as $9.34 and last traded at $9.38, with a volume of 121,679 shares. The stock had previously closed at $9.67.
TOUR has been the topic of a number of research reports. Deutsche Bank AG initiated 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 on the stock. 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, Morgan Stanley lowered shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $18.00 to $14.00 in a research report on Tuesday, April 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.06.
The firm’s 50-day moving average price is $8.64 and its 200-day moving average price is $10.69. The stock’s market cap is $873.63 million.
Tuniu Corp. (NASDAQ:TOUR) last announced 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 business earned $315.10 million during the quarter, compared to the consensus estimate of $317.60 million. The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.50) earnings per share. Equities research analysts anticipate that Tuniu Corp. will post ($15.05) earnings per share for the current year.
A hedge fund recently bought a new stake in Tuniu Corp. stock. First Trust Advisors LP bought a new position in shares of Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 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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