Is Fang Holdings Limited (SFUN)’s Fuel For Real? The Stock Just Increased Again

March 14, 2018 - By Vivian Park

The stock of Fang Holdings Limited (NYSE:SFUN) is a huge mover today! The stock increased 6.90% or $0.31 during the last trading session, reaching $4.8. About 3.30M shares traded or 19.35% up from the average. Fang Holdings Limited (NYSE:SFUN) has declined 31.02% since March 14, 2017 and is downtrending. It has underperformed by 47.72% the S&P500.
The move comes after 5 months positive chart setup for the $2.13B company. It was reported on Mar, 14 by We have $5.14 PT which if reached, will make NYSE:SFUN worth $148.82M more.

Analysts await Fang Holdings Limited (NYSE:SFUN) to report earnings on March, 30. They expect $0.07 earnings per share, up 450.00 % or $0.09 from last year’s $-0.02 per share. SFUN’s profit will be $31.00 million for 17.14 P/E if the $0.07 EPS becomes a reality. After $0.03 actual earnings per share reported by Fang Holdings Limited for the previous quarter, Wall Street now forecasts 133.33 % EPS growth.

Fang Holdings Limited (NYSE:SFUN) Ratings Coverage

Among 12 analysts covering SouFun Holdings (NYSE:SFUN), 4 have Buy rating, 3 Sell and 5 Hold. Therefore 33% are positive. SouFun Holdings had 20 analyst reports since August 4, 2015 according to SRatingsIntel. TH Capital upgraded the stock to “Buy” rating in Tuesday, August 4 report. The firm earned “Outperform” rating on Monday, August 10 by Credit Agricole. The firm has “Hold” rating given on Wednesday, April 19 by Benchmark. The stock has “Sell” rating by Deutsche Bank on Wednesday, December 14. The firm has “Reduce” rating by Nomura given on Tuesday, November 29. As per Monday, August 10, the company rating was downgraded by CLSA. Goldman Sachs downgraded it to “Neutral” rating and $7.70 target in Monday, November 30 report. Morgan Stanley upgraded Fang Holdings Limited (NYSE:SFUN) on Monday, March 21 to “Overweight” rating. The stock of Fang Holdings Limited (NYSE:SFUN) earned “Buy” rating by Nomura on Wednesday, August 10. The rating was initiated by Brean Capital on Tuesday, June 7 with “Hold”.

Fang Holdings Limited operates a real estate Internet portal through which it provides e-commerce, marketing, listing, financial, and value-added services. The company has market cap of $2.13 billion. It supports active online communities and networks of users seeking information on, and other value-added services for, the real estate and home furnishing and improvement sectors. It currently has negative earnings. The firm was formerly known as SouFun Holdings Limited and changed its name to Fang Holdings Limited in September 2016.

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