Tuniu Corp. (TOUR) Trading Down 1.4%
Tuniu Corp. (NASDAQ:TOUR) fell 1.4% on Thursday . The stock traded as low as $9.66 and last traded at $9.74, with a volume of 188,805 shares traded. The stock had previously closed at $9.88.
Several brokerages have weighed in on TOUR. Deutsche Bank AG began coverage on Tuniu Corp. in a research report on Friday, May 20th. They set a “buy” rating and a $11.00 price target on the stock. Zacks Investment Research downgraded Tuniu Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Morgan Stanley downgraded Tuniu Corp. from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $18.00 to $14.00 in a research report on Tuesday, April 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $14.06.
The company’s 50 day moving average price is $9.10 and its 200-day moving average price is $9.82. The firm’s market cap is $907.24 million.
Tuniu Corp. (NASDAQ:TOUR) last issued its earnings results on Tuesday, May 24th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by $0.01. During the same period in the prior year, the firm posted ($3.50) EPS. The company had revenue of $315.10 million for the quarter, compared to analysts’ expectations of $317.60 million. The company’s quarterly revenue was up 62.8% on a year-over-year basis. On average, equities analysts predict 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 bought a new position in shares of Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.