Fang Holdings Ltd (SFUN) Given Average Rating of “Buy” by Analysts

Fang Holdings Ltd (NYSE:SFUN) has been given an average rating of “Buy” by the seven research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $4.79.

SFUN has been the topic of a number of analyst reports. Zacks Investment Research upgraded Fang from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research report on Thursday, November 23rd. Bank of America reiterated a “buy” rating and issued a $4.63 price target (down previously from $5.30) on shares of Fang in a research report on Tuesday, December 26th. ValuEngine lowered Fang from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, BidaskClub upgraded Fang from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. River & Mercantile Asset Management LLP bought a new stake in shares of Fang during the 3rd quarter valued at about $12,075,000. SG Americas Securities LLC boosted its position in shares of Fang by 2,940.0% during the 3rd quarter. SG Americas Securities LLC now owns 2,518,698 shares of the information services provider’s stock valued at $10,201,000 after purchasing an additional 2,435,845 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fang by 107.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,217,737 shares of the information services provider’s stock valued at $8,871,000 after purchasing an additional 1,149,387 shares in the last quarter. State Street Corp boosted its position in shares of Fang by 0.8% during the 2nd quarter. State Street Corp now owns 1,263,103 shares of the information services provider’s stock valued at $4,685,000 after purchasing an additional 9,560 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Fang by 16.9% during the 3rd quarter. First Trust Advisors LP now owns 617,629 shares of the information services provider’s stock valued at $2,501,000 after purchasing an additional 89,513 shares in the last quarter. Hedge funds and other institutional investors own 45.34% of the company’s stock.

Fang (NYSE:SFUN) opened at $4.81 on Monday. Fang has a fifty-two week low of $2.46 and a fifty-two week high of $5.58. The stock has a market capitalization of $2,130.00, a PE ratio of -240.50 and a beta of 1.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.03 and a quick ratio of 1.03.

Fang (NYSE:SFUN) last released its quarterly earnings results on Friday, November 17th. The information services provider reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Fang had a negative return on equity of 3.20% and a negative net margin of 1.83%. The firm had revenue of $112.20 million for the quarter, compared to analyst estimates of $106.39 million. During the same quarter in the previous year, the company posted ($0.03) EPS. The business’s revenue was down 55.1% on a year-over-year basis. equities analysts forecast that Fang will post 0.08 earnings per share for the current year.

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Fang Company Profile

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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