SINA Corp Price Target Increased to $67.00 by Analysts at Brean Capital (SINA)
Equities researchers at Brean Capital lifted their price target on shares of SINA Corp (NASDAQ:SINA) from $65.00 to $67.00 in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Brean Capital’s price target points to a potential upside of 40.11% from the company’s current price.
A number of other firms have also recently commented on SINA. Analysts at Piper Jaffray raised their price target on shares of SINA Corp from $65.00 to $70.00 in a research note on Friday. They now have an “overweight” rating on the stock. Separately, analysts at T.H. Capital downgraded shares of SINA Corp to a “hold” rating in a research note on Monday. Finally, 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. SINA Corp has an average rating of “Buy” and an average price target of $75.01.
SINA Corp (NASDAQ:SINA) opened at 47.82 on Friday. SINA Corp has a 52 week low of $42.40 and a 52 week high of $92.83. The stock’s 50-day moving average is $48.15 and its 200-day moving average is $54.83. The company has a market cap of $3.158 billion and a price-to-earnings ratio of 138.73. SINA Corp also saw some unusual options trading on Thursday. Investors bought 19,771 call options on the stock. This is an increase of approximately 279% compared to the typical daily volume of 5,218 call options.
SINA Corp (NASDAQ:SINA) last released its earnings data on Thursday, August 14th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.09. The company had revenue of $187.00 million for the quarter, compared to the consensus estimate of $180.03 million. On average, analysts predict that SINA Corp will post $0.81 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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