Fang (SFUN) Downgraded to Strong Sell at ValuEngine

ValuEngine lowered shares of Fang (NYSE:SFUN) from a sell rating to a strong sell rating in a report issued on Monday morning, ValuEngine reports.

Several other equities research analysts have also commented on the stock. Bank of America lowered shares of Fang from a neutral rating to an underperform rating and set a $1.51 price target on the stock. in a report on Tuesday, February 19th. Credit Suisse Group lowered their price target on shares of Fang from $3.20 to $1.60 and set an underperform rating on the stock in a report on Sunday, December 9th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $2.24.

Shares of SFUN opened at $1.47 on Monday. The firm has a market cap of $597.94 million, a PE ratio of 73.50 and a beta of 1.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.10 and a current ratio of 1.10. Fang has a 1-year low of $1.18 and a 1-year high of $5.69.

Several institutional investors have recently modified their holdings of SFUN. Virginia Retirement Systems ET AL acquired a new position in shares of Fang in the fourth quarter worth about $39,000. Two Sigma Advisers LP acquired a new position in shares of Fang in the fourth quarter worth about $50,000. LMR Partners LLP acquired a new position in shares of Fang during the 4th quarter worth about $90,000. Paloma Partners Management Co acquired a new position in shares of Fang during the 3rd quarter worth about $101,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Fang during the 3rd quarter worth about $105,000. Institutional investors and hedge funds own 41.45% of the company’s stock.

Fang Company Profile

Fang Holdings Limited operates a real estate Internet portal in the People's Republic of China. The company's portal offers listing, marketing, e-commerce, financial, and other value-added services. It supports active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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