Price Action Report: Does Fang Holdings Ltd Have Any Gas After Today’s Big Increase?

Price Action Report: Does Fang Holdings Ltd Have Any Gas After Today's Big Increase?

The stock of Fang Holdings Ltd (NYSE:SFUN) is a huge mover today! The stock increased 8.50% or $0.25 on November 23, hitting $3.19. Fang Holdings Ltd (NYSE:SFUN) has declined 45.38% since April 22, 2016 and is downtrending. It has underperformed by 50.79% the S&P500.
The move comes after 8 months positive chart setup for the $1.62B company. It was reported on Nov, 24 by Barchart.com. We have $3.29 PT which if reached, will make NYSE:SFUN worth $48.60 million more.

Analysts await Fang Holdings Ltd (NYSE:SFUN) to report earnings on November, 28 before the open. They expect $-0.04 EPS, up 50.00% or $0.04 from last year’s $-0.08 per share. After $-0.09 actual EPS reported by Fang Holdings Ltd for the previous quarter, Wall Street now forecasts -55.56% EPS growth.

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. $9.50 is the highest target while $6.79 is the lowest. The $7.66 average target is 140.13% above today’s ($3.19) stock price. SouFun Holdings has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. JP Morgan reinitiated Fang Holdings Ltd (NYSE:SFUN) on Wednesday, August 31 with “Neutral” rating. The stock of Fang Holdings Ltd (NYSE:SFUN) has “Buy” rating given on Tuesday, August 4 by TH Capital. Credit Agricole downgraded Fang Holdings Ltd (NYSE:SFUN) on Monday, August 10 to “Outperform” rating. The stock has “Buy” rating given by Nomura on Wednesday, August 10. Morgan Stanley upgraded Fang Holdings Ltd (NYSE:SFUN) on Monday, March 21 to “Overweight” rating. The stock of Fang Holdings Ltd (NYSE:SFUN) has “Outperform” rating given on Monday, October 19 by CSLA. CLSA downgraded Fang Holdings Ltd (NYSE:SFUN) on Friday, August 26 to “Sell” rating. On Tuesday, June 7 the stock rating was initiated by Brean Capital with “Hold”. The company was upgraded on Thursday, September 3 by Credit Agricole. The firm earned “Outperform” rating on Monday, October 19 by Credit Agricole.

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.”

More news for Fang Holdings Ltd (NYSE:SFUN) were recently published by: Prnewswire.com, which released: “Fang Holdings Limited to Report Third Quarter 2016 Financial Results on …” on November 18, 2016. Streetinsider.com‘s article titled: “Form 6-K Fang Holdings Ltd For: Nov 16” and published on November 16, 2016 is yet another important article.

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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