Fang’s (SFUN) “Buy” Rating Reaffirmed at Bank of America

Bank of America reiterated their buy rating on shares of Fang (NYSE:SFUN) in a research report sent to investors on Tuesday morning. Bank of America currently has a $4.63 price objective on the information services provider’s stock, down from their previous price objective of $5.30.

A number of other research analysts have also issued reports on SFUN. Zacks Investment Research lowered shares of Fang from a hold rating to a strong sell rating in a research note on Saturday, September 2nd. BidaskClub raised shares of Fang from a hold rating to a buy rating in a research note on Friday, September 8th. Finally, ValuEngine lowered shares of Fang from a hold rating to a sell rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $4.79.

Shares of Fang (NYSE:SFUN) opened at $4.74 on Tuesday. The firm has a market cap of $2,100.00, a PE ratio of -237.00 and a beta of 1.54. Fang has a 1 year low of $2.46 and a 1 year high of $5.27. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.03 and a quick ratio of 1.03.

Fang (NYSE:SFUN) last released its earnings results on Friday, November 17th. The information services provider reported $0.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. The company had revenue of $112.20 million during the quarter, compared to the consensus estimate of $106.39 million. Fang had a negative net margin of 1.83% and a negative return on equity of 3.20%. The company’s revenue was down 55.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.03) EPS. equities research analysts forecast that Fang will post 0.08 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its holdings in Fang by 5.5% during the 2nd quarter. Wells Fargo & Company MN now owns 42,686 shares of the information services provider’s stock worth $158,000 after acquiring an additional 2,223 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of Fang by 21.9% in the 2nd quarter. Profund Advisors LLC now owns 46,110 shares of the information services provider’s stock valued at $171,000 after purchasing an additional 8,285 shares during the last quarter. State Street Corp boosted its stake in shares of Fang by 0.8% in the 2nd quarter. State Street Corp now owns 1,263,103 shares of the information services provider’s stock valued at $4,685,000 after purchasing an additional 9,560 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Fang by 39.9% in the 2nd quarter. Royal Bank of Canada now owns 88,871 shares of the information services provider’s stock valued at $330,000 after purchasing an additional 25,359 shares during the last quarter. Finally, BB&T Securities LLC boosted its stake in shares of Fang by 445.5% in the 2nd quarter. BB&T Securities LLC now owns 55,847 shares of the information services provider’s stock valued at $207,000 after purchasing an additional 45,609 shares during the last quarter. Institutional investors and hedge funds own 45.34% of the company’s stock.

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Fang Company Profile

Fang Holdings Limited, formerly SouFun Holdings Limited, 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.

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