Yirendai (NYSE:YRD) has been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $55.00.
A number of analysts have recently issued reports on YRD shares. Zacks Investment Research raised shares of Yirendai from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Deutsche Bank started coverage on shares of Yirendai in a report on Monday, April 9th. They set a “hold” rating on the stock. Finally, TheStreet downgraded shares of Yirendai from a “b-” rating to a “c” rating in a report on Thursday, April 12th.
Shares of Yirendai opened at $30.97 on Tuesday, according to MarketBeat.com. The stock has a market cap of $1.78 billion, a PE ratio of 8.98 and a beta of 5.29.
Yirendai (NYSE:YRD) last announced its quarterly earnings results on Wednesday, March 14th. The technology company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.25. The firm had revenue of $280.50 million for the quarter, compared to the consensus estimate of $244.27 million. Yirendai had a net margin of 24.69% and a return on equity of 66.32%. The business’s quarterly revenue was up 81.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. analysts predict that Yirendai will post 4.85 earnings per share for the current year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, May 15th. Investors of record on Monday, April 30th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, April 27th. Yirendai’s payout ratio is 16.23%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG boosted its holdings in shares of Yirendai by 621.7% in the fourth quarter. Deutsche Bank AG now owns 3,024 shares of the technology company’s stock worth $132,000 after buying an additional 2,605 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Yirendai by 2,216.1% in the third quarter. JPMorgan Chase & Co. now owns 3,173 shares of the technology company’s stock worth $137,000 after buying an additional 3,036 shares during the last quarter. PEAK6 Investments L.P. purchased a new position in shares of Yirendai in the fourth quarter worth approximately $217,000. Quadrature Capital Ltd purchased a new position in shares of Yirendai in the fourth quarter worth approximately $242,000. Finally, LPL Financial LLC boosted its holdings in shares of Yirendai by 27.2% in the fourth quarter. LPL Financial LLC now owns 8,329 shares of the technology company’s stock worth $366,000 after buying an additional 1,779 shares during the last quarter. 11.95% of the stock is currently owned by institutional investors.
Yirendai Company Profile
Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard and fasttrack loan products. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.
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