SouFun Holdings Rating Reiterated by Macquarie (SFUN)
SouFun Holdings (NASDAQ:SFUN)‘s stock had its “neutral” rating reaffirmed by Macquarie in a research note issued on Friday. They currently have a $10.50 price objective on the stock, up from their previous price objective of $10.00. Macquarie’s price objective indicates a potential downside of 6.83% from the stock’s previous close.
Shares of SouFun Holdings (NASDAQ:SFUN) opened at 11.27 on Friday. SouFun Holdings has a 52-week low of $7.028 and a 52-week high of $19.944. The stock’s 50-day moving average is $10.55 and its 200-day moving average is $13.06. The company has a market cap of $4.615 billion and a P/E ratio of 15.94. SouFun Holdings also saw unusually large options trading activity on Wednesday. Stock investors acquired 8,543 put options on the company. This is an increase of 156% compared to the average daily volume of 3,343 put options.
SouFun Holdings (NASDAQ:SFUN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that SouFun Holdings will post $0.69 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, August 14th.
A number of other analysts have also recently weighed in on SFUN. 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. Separately, analysts at JPMorgan Chase & Co. downgraded shares of SouFun Holdings from an “overweight” rating to a “neutral” rating in a research note on Friday, June 13th. They now have a $10.00 price target on the stock, down previously from $17.00. Finally, analysts at Brean Capital cut their price target on shares of SouFun Holdings from $18.00 to $15.00 in a research note on Friday, June 13th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $14.93.
SouFun Holdings Limited (NASDAQ:SFUN) operates as a real estate Internet portal in China.
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