SouFun Holdings Given Average Recommendation of “Buy” by Brokerages (NASDAQ:SFUN)
Shares of SouFun Holdings (NASDAQ:SFUN) have earned an average rating of “Buy” from the nine analysts that are presently covering the stock, Analyst Ratings News reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $14.93.
A number of analysts have recently weighed in on SFUN shares. Analysts at Macquarie reiterated a “neutral” rating on shares of SouFun Holdings in a research note on Friday. They now have a $10.50 price target on the stock, up previously from $10.00. Separately, analysts at T.H. Capital cut their price target on shares of SouFun Holdings to $14.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock.
SouFun Holdings (NASDAQ:SFUN) opened at 11.27 on Tuesday. SouFun Holdings has a one year low of $7.028 and a one year high of $19.944. The stock has a 50-day moving average of $10.55 and a 200-day moving average of $13.06. The company has a market cap of $4.615 billion and a price-to-earnings ratio of 15.94. SouFun Holdings also saw some unusual options trading activity on Wednesday. Stock traders purchased 8,543 put options on the company. This represents an increase of 156% compared to the typical daily volume of 3,343 put options.
SouFun Holdings (NASDAQ:SFUN) last announced its earnings results on Thursday, August 7th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.02. The company had revenue of $168.20 million for the quarter, compared to the consensus estimate of $173.52 million. SouFun Holdings’s revenue was up 16.7% compared to the same quarter last year. Analysts expect that SouFun Holdings will post $0.69 EPS for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, August 14th.
SouFun Holdings Limited (NASDAQ:SFUN) operates as a real estate Internet portal in China.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.