The stock of Fang Holdings Ltd (NYSE:SFUN) is a huge mover today! About 2.91 million shares traded hands. Fang Holdings Ltd (NYSE:SFUN) has declined 48.30% since April 26, 2016 and is downtrending. It has underperformed by 53.56% the S&P500.
The move comes after 8 months positive chart setup for the $1.16B company. It was reported on Nov, 29 by Barchart.com. We have $3.20 PT which if reached, will make NYSE:SFUN worth $104.40 million 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. On Wednesday, August 31 the stock rating was reinitiated by JP Morgan with “Neutral”. The rating was downgraded by CLSA on Monday, August 10 to “Buy”. The stock has “Buy” rating given by TH Capital on Tuesday, August 4. The rating was initiated by Brean Capital on Tuesday, June 7 with “Hold”. Goldman Sachs downgraded the shares of SFUN in a report on Monday, November 30 to “Neutral” rating. As per Monday, March 21, the company rating was upgraded by Morgan Stanley. Credit Agricole downgraded the shares of SFUN in a report on Monday, August 10 to “Outperform” rating. CLSA downgraded the shares of SFUN in a report on Friday, August 26 to “Sell” rating. The stock has “Buy” rating given by Credit Agricole on Thursday, September 3. The company was downgraded on Monday, October 19 by CSLA.
According to Zacks Investment Research, “Fang Holdings Limited operates as a real estate Internet portal primarily in China. It provides marketing, e-commerce, listing and other value-added services for real estate and home furnishing and improvement sectors. Fang Holdings Limited, formerly known as SouFun Holdings Limited, is based in Beijing, China.”
Another recent and important Fang Holdings Ltd (NYSE:SFUN) news was published by Nasdaq.com which published an article titled: “Mid-Afternoon Market Update: Fang Holdings Drops Following Q3 Results; Recro …” on November 28, 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.