News articles about Fang (NYSE:SFUN) have trended somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fang earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the information services provider an impact score of 45.1644019450947 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Fang (SFUN) Upgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Fang (SFUN) Upgraded to Strong-Buy at BidaskClub (americanbankingnews.com)
- Zacks Investment Research Lowers Fang (SFUN) to Strong Sell (americanbankingnews.com)
- Fang Holdings +2.2% amid sunny 2018 profit guidance (seekingalpha.com)
- Edited Transcript of SFUN earnings conference call or presentation 29-Mar-18 12:00pm GMT (finance.yahoo.com)
A number of equities research analysts have recently issued reports on SFUN shares. Bank of America reissued a “buy” rating and issued a $4.63 price target (down from $5.30) on shares of Fang in a research note on Tuesday, December 26th. Zacks Investment Research downgraded shares of Fang from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Finally, ValuEngine downgraded shares of Fang from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $4.96.
Fang (NYSE:SFUN) last announced its quarterly earnings data on Thursday, March 29th. The information services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The business had revenue of $112.20 million during the quarter, compared to analyst estimates of $127.72 million. Fang had a net margin of 3.67% and a return on equity of 1.07%. The company’s revenue for the quarter was down 35.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS. research analysts forecast that Fang will post 0.29 EPS for the current fiscal year.
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Fang Holdings Limited, formerly SouFun Holdings Limited, 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.
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