Qunar Cayman Islands Ltd (NASDAQ:QUNR) was down 1.4% during trading on Friday . The stock traded as low as $29.19 and last traded at $29.20, with a volume of 60,086 shares. The stock had previously closed at $29.62.

Several equities research analysts have recently commented on QUNR shares. Pacific Crest cut their price target on Qunar Cayman Islands from $57.00 to $51.00 and set an “outperform” rating for the company in a research note on Thursday, August 25th. Zacks Investment Research upgraded Qunar Cayman Islands from a “sell” rating to a “hold” rating in a research note on Wednesday, August 17th. Credit Agricole SA upgraded Qunar Cayman Islands from a “sell” rating to an “underperform” rating in a research note on Thursday, June 16th. Finally, Morgan Stanley cut their price target on Qunar Cayman Islands from $40.00 to $33.00 and set an “equal weight” rating for the company in a research note on Monday, June 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Qunar Cayman Islands has a consensus rating of “Hold” and an average price target of $42.00.

The stock’s market capitalization is $4.22 billion. The firm’s 50-day moving average price is $29.78 and its 200 day moving average price is $34.13.

Qunar Cayman Islands (NASDAQ:QUNR) last issued its earnings results on Wednesday, August 31st. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.36) by $0.36. On average, equities analysts forecast that Qunar Cayman Islands Ltd will post ($0.68) EPS for the current year.

A hedge fund recently raised its stake in Qunar Cayman Islands stock. BNP Paribas Arbitrage SA boosted its stake in Qunar Cayman Islands Ltd (NASDAQ:QUNR) by 129.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,489 shares of the company’s stock after buying an additional 46,599 shares during the period. BNP Paribas Arbitrage SA owned 0.06% of Qunar Cayman Islands worth $4,350,000 at the end of the most recent quarter.

Qunar Cayman Islands Limited (Qunar) is engaged in offering mobile and online commerce platform for travel in China. The Company offers a range of travel products, including flights, hotels, vacations packages, attraction tickets and other travel related offerings. The Company offers Qunar Travel, which is a mobile application that enables its users to search for and purchase travel products.

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