Rating Report: What To Expect After SouFun Holdings Limited (NYSE:SFUN)’s Downgrade Rating From Nomura?

November 29, 2016 - By Clifton Ray

Rating Report: What To Expect After SouFun Holdings Limited (NYSE:SFUN)'s Downgrade Rating From Nomura?

SouFun Holdings Limited (NYSE:SFUN) Downgrade

SouFun Holdings Limited (NYSE:SFUN) was downgraded by Nomura from a Buy rating to a Reduce rating in a an analyst report sent to investors and clients on Tuesday, 29 November.

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 160.54% above today’s ($2.94) stock price. SouFun Holdings has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was initiated by Brean Capital on Tuesday, June 7 with “Hold”. The company was downgraded on Monday, October 19 by Credit Agricole. The stock of Fang Holdings Ltd (NYSE:SFUN) earned “Neutral” rating by JP Morgan on Wednesday, August 31. The rating was downgraded by CSLA on Monday, October 19 to “Outperform”. The stock of Fang Holdings Ltd (NYSE:SFUN) has “Neutral” rating given on Monday, November 30 by Goldman Sachs. Nomura maintained Fang Holdings Ltd (NYSE:SFUN) rating on Wednesday, August 10. Nomura has “Buy” rating and $6.79 price target. CLSA downgraded Fang Holdings Ltd (NYSE:SFUN) on Monday, August 10 to “Buy” rating. The stock of Fang Holdings Ltd (NYSE:SFUN) earned “Buy” rating by TH Capital on Tuesday, August 4. On Monday, March 21 the stock rating was upgraded by Morgan Stanley to “Overweight”. The firm has “Sell” rating given on Friday, August 26 by CLSA.

About 5.79M shares traded hands or 50.00% up from the average. Fang Holdings Ltd (NYSE:SFUN) has declined 48.30% since April 26, 2016 and is downtrending. It has underperformed by 53.56% the S&P500.

Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The company has a market cap of $1.16 billion. 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. It currently has negative earnings. 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.

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.”

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.

Another recent and important Fang Holdings Ltd (NYSE:SFUN) news was published by Nasdaq.com which published an article titled: “Mid-Afternoon Market Update: Fang Holdings Drops Following Q3 Results; Recro …” on November 28, 2016.

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