Tuniu Corp. (TOUR) Stock Price Down 3.1%
Shares of Tuniu Corp. (NASDAQ:TOUR) dropped 3.1% on Thursday . The company traded as low as $8.74 and last traded at $8.76, with a volume of 181,539 shares. The stock had previously closed at $9.04.
TOUR has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Tuniu Corp. from a “sell” rating to a “buy” rating and set a $9.25 price objective on the stock in a report on Wednesday, June 29th. Deutsche Bank AG initiated 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. Finally, Morgan Stanley cut shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and dropped their price objective 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 assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.06.
The company’s market capitalization is $817.63 million. The stock’s 50-day moving average price is $8.63 and its 200 day moving average price is $10.52.
Tuniu Corp. (NASDAQ:TOUR) last announced 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. The firm had revenue of $315.10 million for the quarter, compared to analyst estimates of $317.60 million. The company’s revenue was up 62.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.50) EPS. Equities research analysts forecast 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 purchased a new position in Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 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. at the end of the most recent quarter.
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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