By Nicole Kennedy From WatchList

Bank upgraded shares of Qunar Cayman Islands (NASDAQ:QUNR) from a hold rating to a buy rating in a research report released on Friday morning, TheFlyOnTheWall.com reports. Deutsche Bank currently has $74.00 price objective on the stock.

Deutsche Bank has also taken action a number of other stocks recently. The firm reiterated its buy rating on shares of Barclays. Also, Deutsche Bank reiterated its buy rating on shares of Rio Tinto plc (ADR). Finally, Deutsche Bank reiterated its buy rating on shares of Lloyds Banking Group PLC (ADR).

Shares of Qunar Cayman Islands (NASDAQ:QUNR) opened at 27.79 on Friday. 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 $24.01 and a 200-day moving average of $27.42. The company’s market cap is $3.149 billion.

Qunar Cayman Islands (NASDAQ:QUNR) last released its earnings data on Friday, May 16th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.15. The company had revenue of $54.00 million for the quarter, compared to the consensus estimate of $50.06 million. On average, analysts predict that Qunar Cayman Islands will post $-0.72 earnings per share for the current fiscal year.

QUNR has been the subject of a number of other recent research reports. Analysts at Macquarie reiterated a neutral rating on shares of Qunar Cayman Islands in a research note on Tuesday, May 20th. They now have a $22.00 price target on the stock, down previously from $30.00. Separately, analysts at Pacific Crest cut their price target on shares of Qunar Cayman Islands from $40.00 to $34.00 in a research note on Friday, May 16th. They now have an outperform rating on the stock. Finally, analysts at Aegis cut their price target on shares of Qunar Cayman Islands to $30.00 in a research note on Friday, May 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $35.00.

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.

To view Deutsche Bank’s full report, visit Deutsche Bank’s official website.

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