Credit Suisse slashes price target on Tuniu Corporation [TOUR] – find out why.

Tuniu Corporation [NASDAQ: TOUR] closed the trading session at $4.08 on 03/01/21. The day’s price range saw the stock hit a low of $3.82, while the highest price level was $4.16. The company report on February 9, 2021 that Tuniu Announces Appointment of New Directors.

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Tuniu Corporation (NASDAQ:TOUR) (“Tuniu” or the “Company”), a leading online leisure travel company in China, announced that effective February 9, 2021, Mr. Jiangtao Liu and Mr. Shiwei Zhou were appointed as directors to the Company’s board of directors, replacing Mr. Shengli Hu and Mr. Tao Yang, who resigned from the board effective on the same date. Mr. Jiangtao Liu also replaced Mr. Shengli Hu as a member of the Company’s compensation committee. The appointment of Mr. Liu is in connection with the closing of transactions contemplated under the Share Purchase Agreement between certain subsidiaries of both JD.com, Inc. and Caissa Sega Tourism Culture Development Group Co., Ltd. on November 20, 2020.

Mr. Jiangtao Liu joined Caissa Group in 2019 and currently serves as Chief Executive Officer of Caissa Group, and Chairman of the Board of Caissa Tourism (000796. SZ), an A-share company listed on the Shenzhen Stock Exchange. Prior to joining Caissa Group, Mr. Liu served as Vice Chairman of Secoo Group, Executive Director and Senior Vice President of Elion Resources Group and Vice Chairman of HNA Tourism Group Co. Mr. Liu received a bachelor’s degree in engineering from Nanjing University of Aeronautics and Astronautics and is currently pursuing an EMBA degree in the PBC School of Finance at Tsinghua University.

The stocks have a year to date performance of 131.82 percent and weekly performance of -4.67 percent. The stock has been moved at 274.31 percent over the last six months. The stock has performed 99.02 percent around the most recent 30 days and changed 15.58 percent over the most recent 3-months.

If compared to the average trading volume of 1.88M shares, TOUR reached to a volume of 1989136 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Tuniu Corporation [TOUR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TOUR shares is $2.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TOUR stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Tuniu Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 14, 2018. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on October 11, 2017, representing the official price target for Tuniu Corporation stock.

The Average True Range (ATR) for Tuniu Corporation is set at 0.51, with the Price to Sales ratio for TOUR stock in the period of the last 12 months amounting to 4.24. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 1.86.

TOUR stock trade performance evaluation

Tuniu Corporation [TOUR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.67. With this latest performance, TOUR shares gained by 99.02% in over the last four-week period, additionally plugging by 274.31% over the last 6 months – not to mention a rise of 158.23% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TOUR stock in for the last two-week period is set at 62.69, with the RSI for the last a single of trading hit 62.28, and the three-weeks RSI is set at 62.52 for Tuniu Corporation [TOUR]. The present Moving Average for the last 50 days of trading for this stock 2.45, while it was recorded at 3.77 for the last single week of trading, and 1.57 for the last 200 days.

Tuniu Corporation [TOUR]: An insightful look at the core fundamentals

Tuniu Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

Earnings per share (EPS) analysis for Tuniu Corporation [TOUR] stock

With the latest financial reports released by the company, Tuniu Corporation posted -0.11/share EPS, while the average EPS was predicted by analysts to be reported at -0.06/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -83.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TOUR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tuniu Corporation go to -0.01%.

Tuniu Corporation [TOUR]: Insider Ownership positions

There are presently around $50 million, or 10.40% of TOUR stock, in the hands of institutional investors. The top three institutional holders of TOUR stocks are: YIHENG CAPITAL MANAGEMENT, L.P. with ownership of 6,105,539, which is approximately 0% of the company’s market cap and around 2.64% of the total institutional ownership; MORGAN STANLEY, holding 3,085,942 shares of the stock with an approximate value of $12.59 million in TOUR stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $5.55 million in TOUR stock with ownership of nearly -18.474% of the company’s market capitalization.

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6 institutional holders increased their position in Tuniu Corporation [NASDAQ:TOUR] by around 161,641 shares. Additionally, 7 investors decreased positions by around 446,753 shares, while 3 investors held positions by with 11,588,777 shares. The mentioned changes placed institutional holdings at 12,197,171 shares, according to the latest SEC report filing. TOUR stock had 4 new institutional investments in for a total of 82,158 shares, while 2 institutional investors sold positions of 87,051 shares during the same period.

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