SINA Corp Lowered to Hold at T.H. Capital (SINA)
Several other analysts have also recently commented on the stock. Analysts at TH Capital downgraded shares of SINA Corp from a “buy” rating to a “hold” rating in a research note on Monday. They now have a $75.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of SINA Corp in a research note on Thursday, July 24th. They now have a $52.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of SINA Corp from $87.00 to $60.00 in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. SINA Corp currently has an average rating of “Buy” and an average price target of $79.40.
SINA Corp (NASDAQ:SINA) traded up 1.41% during mid-day trading on Monday, hitting $48.23. The stock had a trading volume of 1,545,314 shares. SINA Corp has a 1-year low of $42.40 and a 1-year high of $92.83. The stock has a 50-day moving average of $48.13 and a 200-day moving average of $55.09. The company has a market cap of $3.185 billion and a price-to-earnings ratio of 137.46.
SINA Corp (NASDAQ:SINA) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.15 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.02 earnings per share. SINA Corp’s revenue was up 37.9% compared to the same quarter last year. On average, analysts predict that SINA Corp will post $0.79 earnings per share 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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