By Faye Duncan From Dakota Financial News

Qunar Cayman Islands logoQunar Cayman Islands (NASDAQ:QUNR)‘s stock had its “overweight” rating reaffirmed by equities research analysts at Barclays in a research note issued to investors on Sunday. They currently have a $54.00 target price on the stock, up from their previous target price of $38.00. Barclays’ price target suggests a potential upside of 9.67% from the stock’s previous close.

Qunar Cayman Islands (NASDAQ:QUNR) opened at 49.24 on Friday. Qunar Cayman Islands has a 52 week low of $21.00 and a 52 week high of $52.38. The stock has a 50-day moving average of $44. and a 200-day moving average of $32.. The company’s market cap is $5.89 billion.

Qunar Cayman Islands (NASDAQ:QUNR) last released its earnings data 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 $-1.43 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Summit Research initiated coverage on shares of Qunar Cayman Islands in a research note on Monday, April 20th. 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $38.88.

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-earns-overweight-rating-from-barclays-qunr/156685/