Bank of America says China's Fang is underperforming

Bank of America has slashed the shares of Chinese real estate solutions provider, Fang from a neutral rating to "underperforming" in a recent research report published. Fang current has $1.51 price target on the information services provider's stock.

Several other analysts also recently issued reports on the company. ValuEngine upgraded Fang from a sell rating to a hold rating in a research report early this month. Credit Suisse Group reduced their price objective on Fang from $3.20 to $1.60 and set an underperform rating on the stock in a research report in December of last year.

Finally, Zacks Investment Research restated a buy rating and issued a $2.25 price objective on shares of Fang in a research report last November. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Fang has an average rating of Hold and an average price target of $2.24.

Fang recently opened at $1.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.65. The firm has a market cap of $668.81 million, a price-to-earnings ratio of 75.00 and a beta of 1.29. Fang has a one year low of $1.20 and a one year high of $5.69.

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