Brean Murray Carret & Co. Reaffirms Buy Rating on Sina (SINA)

By admin | 6 years ago

Sina (NASDAQ: SINA)‘s stock had its “buy” rating reiterated by investment analysts at Brean Murray Carret & Co. in a note issued to investors on Wednesday.

Shares of Sina opened at 57.41 on Wednesday. Sina has a 52 week low of $46.86 and a 52 week high of $139.38. The company’s market cap is $3.804 billion.

Sina last announced its earnings results on Tuesday, May 15th. The company reported ($0.21) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.23) by $0.02. Sina’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Sina will post $0.22 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America (NYSE: BAC) cut their price target on shares of Sina from $71.00 to $64.00 in a research note to investors on Wednesday. Separately, analysts at Goldman Sachs (NYSE: GS) cut their price target on shares of Sina from $64.00 to $60.00 in a research note to investors on Wednesday. Finally, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Sina from $85.00 to $82.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock.

SINA Corporation (SINA) is an online media company and MVAS provider in the People’s Republic of China (PRC) and the global Chinese communities.

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