SouFun Holdings Price Target Cut to $16.00 (SFUN)
Analysts at T.H. Capital dropped their price target on shares of SouFun Holdings (NASDAQ:SFUN) to $16.00 in a research report issued to clients and investors on Wednesday. T.H. Capital’s price objective suggests a potential upside of 53.55% from the stock’s previous close.
SouFun Holdings (NASDAQ:SFUN) traded up 1.03% on Wednesday, hitting $10.527. The stock had a trading volume of 3,266,144 shares. SouFun Holdings has a one year low of $4.602 and a one year high of $19.944. The stock has a 50-day moving average of $11.87 and a 200-day moving average of $14.62. The company has a market cap of $4.311 billion and a price-to-earnings ratio of 14.37.
SouFun Holdings (NASDAQ:SFUN) last released its earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $121.20 million for the quarter, compared to the consensus estimate of $121.07 million. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. Analysts expect that SouFun Holdings will post $0.79 EPS for the current fiscal year.
A number of other firms have also recently commented on SFUN. Analysts at Brean Capital cut their price target on shares of SouFun Holdings from $21.00 to $18.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs upgraded shares of SouFun Holdings from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $16.20 price target on the stock. Finally, analysts at Zacks downgraded shares of SouFun Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $15.30 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. SouFun Holdings currently has an average rating of “Buy” and a consensus target price of $15.79.
SouFun Holdings Limited (NASDAQ:SFUN) operates as a real estate Internet portal in China.
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