By Mark Watkins From Dakota Financial News

Qunar Cayman Islands (NASDAQ:QUNR)‘s stock had its “hold” rating reissued by research analysts at Summit Research in a note issued to investors on Tuesday, Market Beat reports. They presently have a $36.00 target price on the stock, down from their previous target price of $50.00. Summit Research‘s target price would suggest a potential upside of 17.42% from the stock’s previous close.

A number of other brokerages have also weighed in on QUNR. Macquarie restated a “neutral” rating and set a $39.00 price objective on shares of Qunar Cayman Islands in a report on Thursday, July 23rd. Barclays reiterated an “overweight” rating and issued a $54.00 price target (up from $38.00) on shares of Qunar Cayman Islands in a report on Sunday, May 10th. Zacks downgraded Qunar Cayman Islands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 14th. Finally, Pacific Crest reaffirmed a “buy” rating and set a $51.00 price target (down previously from $57.00) on shares of Qunar Cayman Islands in a research report on Tuesday. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $39.83.

Qunar Cayman Islands (NASDAQ:QUNR) traded up 3.0982% on Tuesday, reaching $31.6099. The company had a trading volume of 1,341,431 shares. The firm’s market capitalization is $3.80 billion. The stock’s 50-day moving average price is $40.03 and its 200 day moving average price is $40.81. Qunar Cayman Islands has a 52-week low of $23.56 and a 52-week high of $54.23.

Qunar Cayman Islands (NASDAQ:QUNR) last issued its quarterly earnings results on Monday, August 24th. The company reported ($1.04) earnings per share for the quarter, topping the analysts’ consensus estimate of ($6.06) by $5.02. The business had revenue of $142.09 million for the quarter, compared to analysts’ expectations of $134.44 million. The company’s revenue for the quarter was up 120.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.57) EPS. On average, equities analysts anticipate that Qunar Cayman Islands will post ($18.27) earnings per share for the current fiscal year.

Qunar Cayman Islands Limited (NASDAQ:QUNR) 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 has developed Qunar Travel, its mobile application, which enables its users to search for and purchase travel products. The Company’s Software as a service (SaaS) system provides an online presence for over 240,000 travel service providers. Its search engine provides real-time travel products information directly sourced from travel service providers and through its SaaS platform. The Company’s main lines of business include flight tickets, hotels, vacation packages and attraction tickets. The Company also offers display advertising, train tickets, car services, smart lodging and other services.

To view Summit Research’s full report, visit Summit Research’s official website.

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