Sina Receives Consensus Rating of “Buy” from Analysts (NASDAQ:SINA)
Shares of Sina (NASDAQ:SINA) have earned a consensus rating of “Buy” from the eighteen ratings firms that are covering the company, AR Network reports. Two investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $91.00.
A number of analysts have recently weighed in on SINA shares. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Sina in a research note on Wednesday. They now have a $81.00 price target on the stock, down previously from $82.00. Separately, analysts at Jefferies Group cut their price target on shares of Sina from $85.00 to $82.00 in a research note on Wednesday. Finally, analysts at Deutsche Bank cut their price target on shares of Sina to $87.00 in a research note on Tuesday.
Sina (NASDAQ:SINA) traded up 1.80% on Wednesday, hitting $70.22. The stock had a trading volume of 910,099 shares. Sina has a 1-year low of $45.54 and a 1-year high of $92.83. The stock has a 50-day moving average of $73. and a 200-day moving average of $79.5. The company has a market cap of $4.699 billion and a P/E ratio of 1532.89. Sina also saw some unusual options trading activity on Monday. Stock investors purchased 9,184 put options on the company. This is an increase of 135% compared to the typical volume of 3,910 put options.
Sina (NASDAQ:SINA) last announced its earnings results on Monday, February 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $197.00 million for the quarter, compared to the consensus estimate of $191.84 million. On average, analysts predict that Sina will post $1.77 earnings per share for the current fiscal year.
SINA Corporation (NASDAQ:SINA) is an online media company serving China and the global Chinese communities.
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