SINA Corp Price Target Lowered to $60.00 at Deutsche Bank (SINA)
Research analysts at Deutsche Bank reduced their price target on shares of SINA Corp (NASDAQ:SINA) from $87.00 to $60.00 in a report released on Friday. Deutsche Bank’s price target points to a potential upside of 39.47% from the stock’s previous close.
A number of other analysts have also recently weighed in on SINA. Analysts at Piper Jaffray cut their price target on shares of SINA Corp from $95.00 to $65.00 in a research note on Thursday. Separately, analysts at ING cut their price target on shares of SINA Corp from $100.00 to $65.00 in a research note on Thursday. Finally, analysts at Pacific Crest cut their price target on shares of SINA Corp from $88.00 to $75.00 in a research note on Thursday. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $79.29.
SINA Corp (NASDAQ:SINA) opened at 43.0199 on Friday. SINA Corp has a 52-week low of $43.00 and a 52-week high of $92.83. The stock’s 50-day moving average is $50.94 and its 200-day moving average is $68.25. The company has a market cap of $2.843 billion and a price-to-earnings ratio of 72.74. SINA Corp also was the recipient of some unusual options trading on Wednesday. Stock investors bought 11,409 call options on the company. This represents an increase of approximately 113% compared to the typical daily volume of 5,344 call options.
SINA Corp (NASDAQ:SINA) last announced its earnings results on Wednesday, May 21st. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $171.50 million for the quarter, compared to the consensus estimate of $165.03 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. Analysts expect that SINA Corp will post $1.42 EPS for the current fiscal year.
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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