SINA Corp Receives Average Rating of “Hold” from Brokerages (NASDAQ:SINA)
Shares of SINA Corp (NASDAQ:SINA) have received an average rating of “Hold” from the twenty analysts that are presently covering the company, StockRatingsNetwork reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $75.01.
A number of research firms have recently commented on SINA. Analysts at Brean Capital raised their price target on shares of SINA Corp from $65.00 to $67.00 in a research note on Friday, August 15th. They now have a “buy” rating on the stock. Separately, 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, August 15th. They now have an “overweight” rating on the stock. Finally, analysts at T.H. Capital downgraded shares of SINA Corp to a “hold” rating in a research note on Monday, August 11th.
SINA Corp (NASDAQ:SINA) traded up 1.15% during mid-day trading on Thursday, hitting $45.69. 163,196 shares of the company’s stock traded hands. 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 $47.74 and its 200-day moving average is $52.72. The company has a market cap of $3.007 billion and a price-to-earnings ratio of 58.97.
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. Analysts expect that SINA Corp will post $0.87 EPS 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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