Shares of Yirendai Ltd – (NYSE:YRD) have earned an average broker rating score of 2.83 (Hold) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation and two have assigned a buy recommendation to the company. Yirendai Ltd -‘s rating score has declined by 30.4% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokerages have set a twelve-month consensus price objective of $30.00 for the company and are forecasting that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Yirendai Ltd – an industry rank of 171 out of 265 based on the ratings given to its competitors.
YRD has been the topic of a number of recent analyst reports. Needham & Company LLC raised their target price on Yirendai Ltd – from $14.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Zacks Investment Research cut Yirendai Ltd – from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Nomura cut Yirendai Ltd – from a “neutral” rating to a “reduce” rating in a report on Wednesday, August 10th.
An institutional investor recently bought a new position in Yirendai Ltd – stock. Nepsis Capital Management Inc. acquired a new stake in shares of Yirendai Ltd – (NYSE:YRD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 182,592 shares of the company’s stock, valued at approximately $4,324,000. Yirendai Ltd – comprises about 2.4% of Nepsis Capital Management Inc.’s investment portfolio, making the stock its 24th largest position. Nepsis Capital Management Inc. owned 0.31% of Yirendai Ltd – at the end of the most recent reporting period.
Yirendai Ltd – (NYSE:YRD) opened at 28.90 on Friday. The firm has a market cap of $1.69 billion and a P/E ratio of 18.28. Yirendai Ltd – has a 12-month low of $3.35 and a 12-month high of $42.34. The company has a 50-day moving average price of $23.70 and a 200-day moving average price of $18.61.
Yirendai Ltd – (NYSE:YRD) last issued its earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.10. The company had revenue of $110.40 million for the quarter, compared to the consensus estimate of $97.01 million. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts predict that Yirendai Ltd – will post $1.69 earnings per share for the current year.
Yirendai Ltd – 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.