From ABMN Staff

Qunar Cayman Islands logoQunar Cayman Islands (NASDAQ:QUNR) announced its earnings results on Monday. The company reported ($0.96) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.41) by $0.55, Analyst Ratings Network reports. The company had revenue of $108.26 million for the quarter, compared to the consensus estimate of $101.56 million. During the same quarter last year, the company posted ($0.27) earnings per share. Qunar Cayman Islands’s revenue was up 100.0% compared to the same quarter last year.

Qunar Cayman Islands (NASDAQ:QUNR) traded up 4.35% during mid-day trading on Monday, hitting $46.01. 2,499,980 shares of the company’s stock traded hands. Qunar Cayman Islands has a 52 week low of $22.11 and a 52 week high of $54.23. The stock has a 50-day moving average of $47. and a 200-day moving average of $34.. The company’s market cap is $5.52 billion.

A number of analysts have recently weighed in on QUNR shares. 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. 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. 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $40.14.

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.

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