The stock of Fang Holdings Ltd (NYSE:SFUN) is a huge mover today! About 626,758 shares traded hands. Fang Holdings Ltd (NYSE:SFUN) has declined 23.77% since March 1, 2016 and is downtrending. It has underperformed by 33.01% the S&P500.
The move comes after 5 months positive chart setup for the $1.97B company. It was reported on Oct, 4 by Barchart.com. We have $5.79 PT which if reached, will make NYSE:SFUN worth $650.10M more.
Fang Holdings Ltd (NYSE:SFUN) Ratings Coverage
Out of 10 analysts covering SouFun Holdings (NYSE:SFUN), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. SouFun Holdings has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, August 10 by CLSA. As per Thursday, September 3, the company rating was upgraded by Credit Agricole. The firm has “Outperform” rating given on Monday, October 19 by Credit Agricole. The firm has “Neutral” rating given on Monday, November 30 by Goldman Sachs. The stock has “Overweight” rating given by Morgan Stanley on Monday, March 21. Nomura maintained Fang Holdings Ltd (NYSE:SFUN) on Wednesday, August 10 with “Buy” rating. As per Friday, August 26, the company rating was downgraded by CLSA. On Tuesday, August 4 the stock rating was upgraded by TH Capital to “Buy”. The stock has “Hold” rating given by Brean Capital on Tuesday, June 7. As per Monday, October 19, the company rating was downgraded by CSLA.
According to Zacks Investment Research, “SouFun Holdings Limited is a real estate Internet portal and home furnishing and improvement website in China. SouFun obtains its advertisements from online real estate advertisers. It has built a large and active community of users who are attracted by the comprehensive real estate, home furnishing and improvement content available on its portal which form the foundation of the Company’s service offerings. SouFun maintains many offices in order to focus on local market needs and covers many cities providing real estate-related content, search services, marketing and listing services in China. SouFun Holdings Limited is headquartered in Beijing, China.”
More important recent Fang Holdings Ltd (NYSE:SFUN) news were published by: Streetinsider.com which released: “Form 6-K Fang Holdings Ltd For: Sep 23” on September 23, 2016, also Marketwatch.com published article titled: “Virtual Stock Exchange”, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. More interesting news about Fang Holdings Ltd (NYSE:SFUN) was released by: Prnewswire.com and their article: “Fang Announces Results of 2016 Annual General Meeting” with publication date: September 09, 2016.
SFUN Company Profile
Fang Holdings Limited, formerly SouFun Holdings Limited, incorporated on June 17, 2004, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services. The Company’s service offerings include marketing services, E-commerce services, listing services, Financial services and other value-added services.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.