Zacks Gives Neutral Rating to Sina (SINA)

By admin | 6 years ago

Sina (NASDAQ: SINA)‘s stock had its “neutral” rating restated by Zacks in a report issued on Wednesday. They currently have a $56.00 target price on the stock.

Sina opened at 54.72 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 $3.622 billion.

Sina last announced its 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. On average, analysts predict that Sina will post $0.17 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Brean Murray reiterated a “buy” rating on shares of Sina in a research note to investors on Wednesday, May 16th. Separately, 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, May 16th. Finally, 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, May 16th.

SINA Corporation (SINA) is an online media company serving China and the global Chinese communities. The Company’s digital media network of SINA.

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