Tuniu Corp. (TOUR) Stock Price Down 2.9%
Tuniu Corp. (NASDAQ:TOUR)’s share price was down 2.9% during trading on Thursday . The stock traded as low as $8.65 and last traded at $8.74, with a volume of 186,618 shares trading hands. The stock had previously closed at $9.00.
Several equities analysts have commented on TOUR shares. Morgan Stanley downgraded Tuniu Corp. from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $18.00 to $14.00 in a report on Tuesday, April 26th. Zacks Investment Research downgraded Tuniu Corp. from a “buy” rating to a “sell” rating in a report on Friday, April 29th. Finally, Deutsche Bank AG started coverage on Tuniu Corp. in a report on Friday, May 20th. They set a “buy” rating and a $11.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $14.06.
The company’s market cap is $814.83 million. The stock has a 50 day moving average of $8.76 and a 200 day moving average of $10.06.
Tuniu Corp. (NASDAQ:TOUR) last released its quarterly earnings data on Tuesday, May 24th. The company reported ($0.62) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by $0.01. The firm earned $315.10 million during the quarter, compared to analyst estimates of $317.60 million. During the same quarter in the previous year, the business earned ($3.50) EPS. Tuniu Corp.’s quarterly revenue was up 62.8% compared to the same quarter last year. Analysts expect that Tuniu Corp. will post ($2.23) EPS for the current year.
An institutional investor recently bought a new position in Tuniu Corp. stock. First Trust Advisors LP acquired a new stake in shares of Tuniu Corp. (NASDAQ:TOUR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,126 shares of the company’s stock, valued at approximately $1,392,000. First Trust Advisors LP owned about 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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