Brean Capital Initiates Coverage on SouFun Holdings Ltd to Hold

Brean Capital Initiates Coverage on SouFun Holdings Ltd(NYSE:SFUN). The shares have been rated Hold. The rating by Brean Capital was issued on Jun 7, 2016.

In a different note, On Mar 21, 2016, Morgan Stanley said it Upgrades its rating on SouFun Holdings Ltd. In the research note, the firm Raises the price-target to $6.00 per share. The shares have been rated ‘Overweight’ by the firm.

SouFun Holdings Ltd (SFUN) made into the market gainers list on Fridays trading session with the shares advancing 1.27% or 0.06 points. Due to strong positive momentum, the stock ended at $4.79, which is also near the day’s high of $4.88. The stock began the session at $4.73 and the volume stood at 71,39,759 shares. The 52-week high of the shares is $10.01 and the 52 week low is $4.3701. The company has a current market capitalization of $2,277 M and it has 47,53,78,520 shares in outstanding.

SouFun Holdings Ltd(SFUN) last announced its earnings results on Jun 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $204.62M. Analysts had an estimated revenue of $180.77M. Earnings per share were $-0.24. Analysts had estimated an EPS of $-0.13.

SouFun Holdings Limited operates as a real estate Internet portal in China. The Company also operates home furnishing and improvement Websites. Its Websites and mobile applications support online communities and networks of users seeking information on and services for the real estate and home-related sectors in China. The Company’s Website contains contents covering more than 350 cities across China as well as Hong Kong Taiwan Singapore and Vancouver Canada. This Website also contains links to other specialized real estate and home furnishing and improvement Websites including its Website its e-commerce transaction and payment platform and Website its financing platform. The Company’s service offerings include marketing services e-commerce services listing services and other value-added services.

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