Tuniu Corp. (TOUR) Shares Up 10.5%
Tuniu Corp. (NASDAQ:TOUR)’s share price shot up 10.5% on Monday . The stock traded as high as $9.44 and last traded at $9.38, with a volume of 917,009 shares changing hands. The stock had previously closed at $8.49.
Several research firms have weighed in on TOUR. Zacks Investment Research raised Tuniu Corp. from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Saturday. Deutsche Bank AG began coverage on Tuniu Corp. in a research note on Friday, May 20th. They issued a “buy” rating and a $11.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $14.13.
The firm’s market cap is $886.70 million. The company has a 50 day moving average price of $9.09 and a 200-day moving average price of $9.68.
Tuniu Corp. (NASDAQ:TOUR) last issued its quarterly earnings results on Tuesday, August 23rd. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.64) by $0.26. The firm earned $355.50 million during the quarter, compared to the consensus estimate of $374.99 million. During the same quarter last year, the firm posted ($3.20) EPS. The business’s revenue was up 55.8% on a year-over-year basis. On average, equities research analysts forecast that Tuniu Corp. will post ($2.23) EPS for the current year.
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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