Brean Murray Reaffirms Buy Rating on Sina (SINA)

By admin | 6 years ago

Sina (NASDAQ: SINA)‘s stock had its “buy” rating restated by equities researchers at Brean Murray in a report issued on Wednesday.

Sina opened at 57.60 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 $3.812 billion.

Sina last posted its quarterly earnings results on Tuesday, May 15th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.02. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts expect that Sina will post $0.18 EPS next quarter.

A number of other firms have also recently commented on SINA. Analysts at Oppenheimer (NYSE: OPY) cut their EPS estimates on shares of Sina in a research note on Wednesday. They now have a “market perform” rating on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) upgraded shares of Sina from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday. They now have a $72.00 price target on the stock. Finally, analysts at Credit Suisse (NYSE: CS) upgraded shares of Sina from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday.

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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