Qunar Cayman Islands Ltd. (NASDAQ:QUNR) has been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $42.00.

QUNR has been the subject of several research analyst reports. Pacific Crest decreased their target price on Qunar Cayman Islands from $57.00 to $51.00 and set an “outperform” rating for the company in a research report on Thursday, August 25th. Zacks Investment Research lowered Qunar Cayman Islands from a “hold” rating to a “sell” rating in a research report on Wednesday, June 22nd. Credit Agricole SA raised Qunar Cayman Islands from a “sell” rating to an “underperform” rating in a research report on Thursday, June 16th. Finally, Morgan Stanley decreased their target price on Qunar Cayman Islands from $40.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, June 20th.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in shares of Qunar Cayman Islands by 16.0% in the second quarter. Teacher Retirement System of Texas now owns 5,080 shares of the company’s stock valued at $151,000 after buying an additional 700 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of Qunar Cayman Islands during the second quarter valued at approximately $211,000. British Columbia Investment Management Corp increased its position in shares of Qunar Cayman Islands by 36.4% in the second quarter. British Columbia Investment Management Corp now owns 7,500 shares of the company’s stock valued at $223,000 after buying an additional 2,000 shares in the last quarter. Shell Asset Management Co. increased its position in shares of Qunar Cayman Islands by 15.5% in the second quarter. Shell Asset Management Co. now owns 9,405 shares of the company’s stock valued at $280,000 after buying an additional 1,263 shares in the last quarter. Finally, Kassirer Asset Management Corp bought a new position in shares of Qunar Cayman Islands during the second quarter valued at approximately $298,000. Institutional investors and hedge funds own 5.10% of the company’s stock.

Qunar Cayman Islands (NASDAQ:QUNR) opened at 28.96 on Thursday. The firm’s market cap is $4.22 billion. Qunar Cayman Islands has a 1-year low of $25.75 and a 1-year high of $55.93. The company has a 50-day moving average price of $29.27 and a 200-day moving average price of $32.78.

Qunar Cayman Islands (NASDAQ:QUNR) last announced its earnings results on Wednesday, August 31st. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by $0.36. Qunar Cayman Islands had a negative net margin of 163.60% and a negative return on equity of 646.22%. On average, equities research analysts forecast that Qunar Cayman Islands will post ($0.73) EPS for the current fiscal year.

Qunar Cayman Islands Company Profile

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.

5 Day Chart for NASDAQ:QUNR

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