Tuniu Corp. (TOUR) Trading Up 1.9%
Tuniu Corp. (NASDAQ:TOUR) shares were up 1.9% on Wednesday . The company traded as high as $9.19 and last traded at $9.09, with a volume of 127,115 shares trading hands. The stock had previously closed at $8.92.
A number of research analysts recently weighed in on TOUR shares. Morgan Stanley cut shares of Tuniu Corp. from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $18.00 to $14.00 in a report on Tuesday, April 26th. Zacks Investment Research cut shares of Tuniu Corp. from a “buy” rating to a “sell” rating in a report on Friday, April 29th. Finally, 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 for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.06.
The company has a 50-day moving average of $8.84 and a 200-day moving average of $9.96. The stock’s market capitalization is $850.30 million.
Tuniu Corp. (NASDAQ:TOUR) last released 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 had revenue of $315.10 million for the quarter, compared to the consensus estimate of $317.60 million. The company’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter last year, the business posted ($3.50) EPS. On average, equities analysts forecast that Tuniu Corp. will post ($2.22) 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 13F filing with the Securities and Exchange Commission (SEC). The fund 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. at the end of the most recent quarter.
Tuniu Corporation is an online leisure travel company. The Company offers a selection of packaged tours, including organized tours and self-guided tours, as well as 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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