By Doug Madison From Dakota Financial News

Qunar Cayman Islands logoQunar Cayman Islands (NASDAQ:QUNR) has earned an average rating of “Buy” from the eight ratings firms that are presently covering the company, AnalystRatings.NET reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $41.75.

Shares of Qunar Cayman Islands (NASDAQ:QUNR) traded down 0.22% during mid-day trading on Thursday, hitting $49.19. 91,913 shares of the company’s stock traded hands. Qunar Cayman Islands has a 52-week low of $21.00 and a 52-week high of $52.38. The stock’s 50-day moving average is $38. and its 200-day moving average is $30.. The company’s market cap is $5.88 billion.

Qunar Cayman Islands (NASDAQ:QUNR) last posted its quarterly earnings results on Monday, March 16th. The company reported ($0.40) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.45) by $0.05. Analysts expect that Qunar Cayman Islands will post $-1.40 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Summit Research initiated coverage on shares of Qunar Cayman Islands in a research note on Monday. They set a “buy” rating and a $52.00 price target on the stock. Analysts at Pacific Crest raised their price target on shares of Qunar Cayman Islands from $41.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Analysts at HSBC upgraded shares of Qunar Cayman Islands from a “neutral” rating to an “overweight” rating in a research note on Tuesday, March 17th. Finally, analysts at Credit Agricole initiated coverage on shares of Qunar Cayman Islands in a research note on Monday, February 9th. They set a “buy” rating on the stock.

Qunar Cayman Islands Limited is a search-based commerce platform for the travel industry in China. The Company’s customers include travel service providers (NASDAQ:QUNR) and display advertisers. The Company’s platform is designed to facilitate and enhance convenience, data accuracy, and transaction security for its users.

For more on this story go to: http://www.dakotafinancialnews.com/qunar-cayman-islands-given-consensus-recommendation-of-buy-by-brokerages-nasdaqqunr/123938/