Impact of Brokerage Rating on Sina Corporation(SINA)

Many Sina Corporation(SINA) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. SINA Corp was Initiated by CLSA to Outperform on Dec 12, 2016.

SINA Corp Last issued its quarterly earnings results on Nov 21, 2016. The company reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.21. Analyst had a consensus of $0.35. The company had revenue of $274.90 million for the quarter, compared to analysts expectations of $266.60 million. The companys revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Sina Corporation (NASDAQ:SINA) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.4 by 5 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.

Sina Corporation (NASDAQ:SINA) should head towards $95.2 per share according to 5 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $74 per share. The higher price estimate target is at $121 according to the Analysts.

Sina Corporation (NASDAQ:SINA) rose 1.91% or 1.43 points on Tuesday and made its way into the gainers of the day. After trading began at $75 the stock was seen hitting $76.54 as a peak level and $74.5155 as the lowest level. The stock ended up at $76.27. The daily volume was measured at 749,338 shares. The 52-week high of the share price is $85.24 and the 52-week low is $41.62. The company has a market cap of $5,406 million.

SINA Corporation is a leading online media company and value-added information service provider for China and for global Chinese communities. With a branded network of localized web sites targeting Greater China and overseas Chinese, SINA operates three major business lines including SINA.com, SINA Online and SINA.net, providing an array of services including online portals, premium email, wireless short messaging, virtual ISP, search, classified information, online games, e-commerce, e-learning and enterprise e-solutions.

Sina

Share this post

Leave a Reply