Goldman Sachs Removes E-House (China) Holdings Ltd (EJ) from CL-Buy List
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Price: $6.79 --0%
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 14
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 8 | New: 14
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Goldman Sachs removed E-House (China) Holdings Ltd (NYSE: EJ) from its Conviction Buy List but maintained a Buy rating and bumped its price target to $19.47.
Analyst Jacqueline Du cited recent outperformance, with shares up 9% (vs. MSCI China’s -12% and offshore developers -20%) since they added it to their Asia Pacific Conviction List on December 11, 2013. The Buy was maintained given attractive valuation and they continue to see a sizeable online earnings increase in the coming years.
The firm is raising 2014E/15E/16E non-GAAP EPS by 2%/13%/8% post stronger-than- expected 4Q13 results and more detailed financial disclosures on its online business from its recent IPO filing.
For an analyst ratings summary and ratings history on E-House (China) Holdings Ltd click here. For more ratings news on E-House (China) Holdings Ltd click here.
Shares of E-House (China) Holdings Ltd closed at $14.08 yesterday.
Analyst Jacqueline Du cited recent outperformance, with shares up 9% (vs. MSCI China’s -12% and offshore developers -20%) since they added it to their Asia Pacific Conviction List on December 11, 2013. The Buy was maintained given attractive valuation and they continue to see a sizeable online earnings increase in the coming years.
The firm is raising 2014E/15E/16E non-GAAP EPS by 2%/13%/8% post stronger-than- expected 4Q13 results and more detailed financial disclosures on its online business from its recent IPO filing.
For an analyst ratings summary and ratings history on E-House (China) Holdings Ltd click here. For more ratings news on E-House (China) Holdings Ltd click here.
Shares of E-House (China) Holdings Ltd closed at $14.08 yesterday.
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