Zacks: Yatra Online, Inc. (YTRA) Receives Average Rating of “Strong Buy” from Analysts
Shares of Yatra Online, Inc. (NASDAQ:YTRA) have received an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus target price of $14.27 for the company and are forecasting that the company will post ($0.27) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Yatra Online an industry rank of 119 out of 265 based on the ratings given to its competitors.
Several brokerages have commented on YTRA. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $13.00 target price (down from $15.00) on shares of Yatra Online in a research note on Monday, November 6th. Ladenburg Thalmann Financial Services began coverage on Yatra Online in a research note on Thursday, September 7th. They set a “buy” rating and a $15.00 target price on the stock.
Shares of Yatra Online (YTRA) opened at $8.87 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.15. Yatra Online has a 52 week low of $7.71 and a 52 week high of $12.85.
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Several hedge funds have recently added to or reduced their stakes in YTRA. Virtu KCG Holdings LLC purchased a new position in shares of Yatra Online in the 2nd quarter worth $201,000. Jane Street Group LLC purchased a new position in shares of Yatra Online in the 3rd quarter worth $238,000. JPMorgan Chase & Co. purchased a new position in shares of Yatra Online in the 3rd quarter worth $403,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Yatra Online in the 3rd quarter worth $448,000. Finally, Silver Capital Management LLC purchased a new position in shares of Yatra Online in the 2nd quarter worth $612,000. Hedge funds and other institutional investors own 23.50% of the company’s stock.
Yatra Online Company Profile
Yatra Online, Inc is an India-based consumer travel platform and online travel agent. The Company’s segments include Air Ticketing, Hotels and Packages, and Others. Through Internet and mobile-based platform and call-centers, the Company provides the facility to book and service international and domestic air tickets to customer through business-to-consumer (B2C) and business-to-business-to-consumer (B2B2C) channel.
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