T.H. Capital Lowers SINA Corp Price Target to $75.00 (SINA)
Equities research analysts at T.H. Capital lowered their price target on shares of SINA Corp (NASDAQ:SINA) to $75.00 in a research note issued to investors on Tuesday. T.H. Capital’s price target suggests a potential upside of 56.61% from the stock’s previous close.
Shares of SINA Corp (NASDAQ:SINA) traded down 0.79% during mid-day trading on Tuesday, hitting $47.51. The stock had a trading volume of 1,813,461 shares. SINA Corp has a 52 week low of $45.69 and a 52 week high of $92.83. The stock’s 50-day moving average is $51.93 and its 200-day moving average is $68.84. The company has a market cap of $3.140 billion and a price-to-earnings ratio of 72.78.
SINA Corp (NASDAQ:SINA) last issued its quarterly earnings data 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 Corp will post $1.49 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SINA. Analysts at Goldman Sachs initiated coverage on shares of SINA Corp in a research note on Tuesday, May 13th. They set a “buy” rating on the stock. Separately, analysts at TheStreet downgraded shares of SINA Corp from a “hold” rating to a “sell” rating in a research note on Monday, May 12th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of SINA Corp in a research note on Friday, May 9th. They now have a $50.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. SINA Corp presently has an average rating of “Buy” and a consensus price target of $84.25.
SINA Corporation (NASDAQ:SINA), incorporated on July 9, 1997, is an online media company serving China and the global Chinese communities.
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