Credit Suisse price target...don't get too excited
E-House China Price Target Raised to $5.70 at Credit Suisse (EJ)
Posted by Alphonse Anthony on Mar 14th, 2013
Research analysts at Credit Suisse boosted their target price on shares of E-House China (NYSE: EJ) from $5.20 to $5.70 in a report released on Thursday.
The analysts wrote, “E-House recorded US$153 mn revenue (6% above consensus) and non-GAAP EPS of US$0.04 (86% above consensus and 75% above CS estimates) in 4Q12. For FY12, E-House recorded US$462 mn revenue (2% above consensus) and non-GAAP loss of US$0.07 per share (significantly better than the consensus of US$0.11 loss).”
E-House China opened at 4.70 on Thursday. E-House China has a 52-week low of $2.95 and a 52-week high of $7.61. The stock’s 50-day moving average is currently $4.72. The company’s market cap is $554.8 million.
E-House China last released its earnings data on Tuesday, March 12th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.01. The company had revenue of $152.60 million for the quarter, compared to the consensus estimate of $141.68 million. During the same quarter in the previous year, the company posted ($0.23) earnings per share. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. Analysts expect that E-House China will post $0.33 EPS for the current fiscal year.
Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of E-House China in a research note to investors on Wednesday. They now have a $4.60 price target on the stock.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 30th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 12.71%.