Tuniu Corp. (TOUR) Trading 10.5% Higher
Tuniu Corp. (NASDAQ:TOUR) shares traded 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 trading hands. The stock had previously closed at $8.49.
TOUR has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Tuniu Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 16th. Deutsche Bank AG initiated coverage on Tuniu Corp. in a research report on Friday, May 20th. They issued a “buy” rating and a $11.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Tuniu Corp. presently has a consensus rating of “Buy” and an average price target of $14.13.
The firm’s 50-day moving average price is $9.06 and its 200-day moving average price is $9.71. The company’s market capitalization is $893.24 million.
Tuniu Corp. (NASDAQ:TOUR) last issued its quarterly earnings data 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 business earned $355.50 million during the quarter, compared to analysts’ expectations of $374.99 million. During the same period last year, the firm posted ($3.20) EPS. The business’s revenue was up 55.8% on a year-over-year basis. Equities research analysts expect that Tuniu Corp. will post ($2.23) earnings per share for the current fiscal 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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