By Hasmir Abdula From Mideast Times

Macquarie restated their neutral rating on shares of Qunar Cayman Islands (NASDAQ:QUNR) in a research note issued to investors on Monday. The firm currently has a $30.00 price target on the stock, up from their previous price target of $22.00.

Several other analysts have also recently commented on the stock. Analysts at Aegis reiterated a hold rating on shares of Qunar Cayman Islands in a research note on Friday, August 22nd. Separately, analysts at Pacific Crest reiterated an outperform rating on shares of Qunar Cayman Islands in a research note on Friday, August 22nd. They now have a $39.00 price target on the stock, up previously from $34.00. Finally, analysts at Deutsche Bank upgraded shares of Qunar Cayman Islands from a hold rating to a buy rating in a research note on Friday, June 27th. They now have a $31.00 price target on the stock, up previously from $27.00. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Qunar Cayman Islands currently has a consensus rating of Hold and a consensus price target of $30.00.

Qunar Cayman Islands (NASDAQ:QUNR) opened at 29.88 on Monday. Qunar Cayman Islands has a one year low of $21.00 and a one year high of $36.73. The stock has a 50-day moving average of $28.41 and a 200-day moving average of $27.74. The company’s market cap is $3.543 billion.

Qunar Cayman Islands (NASDAQ:QUNR) last issued its quarterly earnings data on Thursday, August 21st. The company reported ($0.57) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.25) by $0.32. The company had revenue of $64.50 million for the quarter, compared to the consensus estimate of $56.03 million. On average, analysts predict that Qunar Cayman Islands will post $-1.07 earnings per share for the current fiscal year.

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.