The stock of Fang Holdings Ltd (NYSE:SFUN) is a huge mover today! The stock decreased 3.00% or $0.09 on November 16, hitting $2.91. About 3.19M shares traded hands. Fang Holdings Ltd (NYSE:SFUN) has declined 50.74% since April 14, 2016 and is downtrending. It has underperformed by 55.43% the S&P500.
The move comes after 6 months negative chart setup for the $1.31B company. It was reported on Nov, 16 by Barchart.com. We have $2.68 PT which if reached, will make NYSE:SFUN worth $104.80 million less.
Fang Holdings Ltd (NYSE:SFUN) Ratings Coverage
Out of 10 analysts covering SouFun Holdings (NYSE:SFUN), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. SouFun Holdings has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Friday, August 26, the company rating was downgraded by CLSA. The firm has “Buy” rating by CLSA given on Monday, August 10. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, November 30. Morgan Stanley upgraded Fang Holdings Ltd (NYSE:SFUN) on Monday, March 21 to “Overweight” rating. TH Capital upgraded it to “Buy” rating and $8 target price in Tuesday, August 4 report. Credit Agricole downgraded the stock to “Outperform” rating in Monday, October 19 report. The rating was initiated by Brean Capital with “Hold” on Tuesday, June 7. The firm has “Outperform” rating by CSLA given on Monday, October 19. The stock of Fang Holdings Ltd (NYSE:SFUN) has “Neutral” rating given on Wednesday, August 31 by JP Morgan. The stock has “Outperform” rating given by Credit Agricole on Monday, August 10.
According to Zacks Investment Research, “Fang Holdings Limited operates as a real estate Internet portal primarily in China. It provides marketing, e-commerce, listing and other value-added services for real estate and home furnishing and improvement sectors. Fang Holdings Limited, formerly known as SouFun Holdings Limited, is based in Beijing, China.”
Another recent and important Fang Holdings Ltd (NYSE:SFUN) news was published by Streetinsider.com which published an article titled: “Form 6-K Fang Holdings Ltd For: Nov 16” on November 16, 2016.
SFUN Company Profile
Fang Holdings Limited, formerly SouFun Holdings Limited, incorporated on June 17, 2004, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services. The Company’s service offerings include marketing services, E-commerce services, listing services, Financial services and other value-added services.
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