By Nicole Kennedy From Watch List news

Qunar Cayman Islands Ltd logoStock analysts at Citigroup Inc. started coverage on shares of Qunar Cayman Islands (NASDAQ:QUNR) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $30.00 price target on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 11.82% from the company’s current price.

Shares of Qunar Cayman Islands (NASDAQ:QUNR) traded up 1.71% during mid-day trading on Tuesday, hitting $27.29. 139,352 shares of the company’s stock traded hands. Qunar Cayman Islands has a 52 week low of $21.00 and a 52 week high of $36.73. The stock has a 50-day moving average of $28.32 and a 200-day moving average of $27.17. The company’s market cap is $3.236 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 $-1.08 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Macquarie reiterated a “neutral” rating on shares of Qunar Cayman Islands in a research note on Monday, August 25th. They now have a $30.00 price target on the stock, up previously from $22.00. Separately, analysts at Aegis reiterated a “hold” rating on shares of Qunar Cayman Islands in a research note on Friday, August 22nd. Finally, 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $30.00.

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.

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