From ABMN

Qunar Cayman Islands logoQunar Cayman Islands (NASDAQ:QUNR)‘s stock had its “overweight” rating restated by stock analysts at Pacific Crest in a report issued on Friday. They currently have a $57.00 target price on the stock, up from their previous target price of $55.00. Pacific Crest’s target price indicates a potential upside of 19.37% from the company’s current price.

Shares of Qunar Cayman Islands (NASDAQ:QUNR) traded up 5.30% on Friday, hitting $50.28. 1,300,196 shares of the company’s stock traded hands. Qunar Cayman Islands has a one year low of $22.11 and a one year high of $54.23. The stock’s 50-day moving average is $48. and its 200-day moving average is $35.. The company’s market cap is $6.03 billion.

Qunar Cayman Islands (NASDAQ:QUNR) last issued its quarterly earnings data on Monday, June 1st. The company reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by $0.55. The company had revenue of $108.26 million for the quarter, compared to the consensus estimate of $101.56 million. During the same quarter in the previous year, the company posted ($0.27) earnings per share. The company’s revenue for the quarter was up 100.0% on a year-over-year basis. On average, analysts predict that Qunar Cayman Islands will post $-2.38 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Summit Research downgraded shares of Qunar Cayman Islands from a “buy” rating to a “hold” rating in a research note on Tuesday. Analysts at Barclays reiterated an “overweight” rating and set a $54.00 price target (up previously from $38.00) on shares of Qunar Cayman Islands in a research note on Sunday, May 10th. Finally, 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.43.

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.americanbankingnews.com/2015/06/05/pacific-crest-reiterates-overweight-rating-for-qunar-cayman-islands-qunr/