Yirendai Ltd. (YRD) Upgraded at ValuEngine
ValuEngine upgraded shares of Yirendai Ltd. (NYSE:YRD) from a buy rating to a strong-buy rating in a research report report published on Thursday.
YRD has been the subject of several other research reports. Needham & Company LLC restated a buy rating and set a $42.00 price target (up previously from $33.00) on shares of Yirendai in a research report on Tuesday, August 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Yirendai from a hold rating to a strong-buy rating and set a $27.00 target price for the company in a research report on Wednesday, May 24th.
Yirendai (NYSE:YRD) opened at 38.35 on Thursday. Yirendai has a 52-week low of $18.80 and a 52-week high of $42.10. The company’s 50-day moving average is $35.13 and its 200-day moving average is $27.35. The firm has a market capitalization of $2.29 billion, a P/E ratio of 11.51 and a beta of 8.56.
Yirendai (NYSE:YRD) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.70 by $0.04. The firm had revenue of $773.79 million for the quarter, compared to the consensus estimate of $153.78 million. Yirendai had a return on equity of 80.79% and a net margin of 32.37%. The firm’s revenue was up 343.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS. On average, analysts predict that Yirendai will post $2.92 EPS for the current year.
The business also recently announced a special dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $1.50 dividend. The ex-dividend date of this dividend is Thursday, September 28th.
A number of institutional investors have recently made changes to their positions in YRD. Principal Financial Group Inc. raised its position in shares of Yirendai by 4.2% in the second quarter. Principal Financial Group Inc. now owns 31,505 shares of the technology company’s stock worth $788,000 after buying an additional 1,283 shares in the last quarter. Bank of America Corp DE raised its position in shares of Yirendai by 24.5% in the first quarter. Bank of America Corp DE now owns 7,644 shares of the technology company’s stock worth $192,000 after buying an additional 1,504 shares in the last quarter. Navellier & Associates Inc raised its position in shares of Yirendai by 11.5% in the second quarter. Navellier & Associates Inc now owns 18,048 shares of the technology company’s stock worth $451,000 after buying an additional 1,861 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Yirendai by 399.0% in the second quarter. Global X Management Co. LLC now owns 8,224 shares of the technology company’s stock worth $206,000 after buying an additional 6,576 shares in the last quarter. Finally, Sei Investments Co. bought a new position in shares of Yirendai during the first quarter worth about $176,000. Hedge funds and other institutional investors own 6.08% of the company’s stock.
Yirendai Company Profile
Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Stock Ratings for Yirendai Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yirendai Ltd. and related stocks with our FREE daily email newsletter.