Leju Holdings Ltd Downgraded to “Neutral” at Goldman Sachs (LEJU)
Leju Holdings Ltd (NASDAQ:LEJU) was downgraded by analysts at Goldman Sachs from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Leju Holdings Ltd in a research note on Friday, August 22nd. They now have a $19.00 price target on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of Leju Holdings Ltd in a research note on Thursday, August 21st. They now have a $22.00 price target on the stock, up previously from $16.00.
Shares of Leju Holdings Ltd (NASDAQ:LEJU) opened at 18.00 on Wednesday. Leju Holdings Ltd has a 52 week low of $8.01 and a 52 week high of $18.60. The stock has a 50-day moving average of $13.43 and a 200-day moving average of $11.94. The company has a market cap of $3.348 billion and a price-to-earnings ratio of 34.02.
Leju Holdings Ltd (NASDAQ:LEJU) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.16 by $0.01. The company had revenue of $117.40 million for the quarter, compared to the consensus estimate of $113.78 million. The company’s quarterly revenue was up 63.3% on a year-over-year basis. Analysts expect that Leju Holdings Ltd will post $0.75 EPS for the current fiscal year.
Leju Holdings Limited is an online-to-offline (NASDAQ:LEJU), real estate services provider in China.
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