Yirendai Ltd – ADR (YRD) is Reiterated by Needham to Buy, Raises Price Target to $ 35

Yirendai Ltd – ADR (YRD) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $14 . Needham advised their investors in a research report released on Aug 11, 2016.

Many Wall Street Analysts have commented on Yirendai Ltd – ADR. Yirendai Ltd – ADR was Downgraded by Nomura to ” Reduce” on Aug 10, 2016.

On the company’s financial health, Yirendai Ltd – ADR reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.24. The company had revenue of $110.40 million for the quarter, compared to analysts expectations of $97.01 million. The company’s revenue was up 10.4% compared to the same quarter last year.

Yirendai Ltd. is engaged in providing an online consumer finance marketplace in China connecting investors and individual borrowers. The Company’s online platform automates various aspects of its operations and enables the Company to match borrowers with investors and execute loan transactions. Its borrowers and investors come from a range of channels including online sources such as the Internet and its mobile applications as well as offline sources such as referrals from its parent company CreditEase Holdings (Cayman) Limited’s on-the-ground sales network. It focuses on prime borrowers comprising credit card holders with stable credit performance and salary income. All of the loans facilitated through its marketplace feature fixed interest rates. It also offers investors a risk reserve fund service for limiting losses to investors from borrower defaults. Its online marketplace facilitates standard loan products express loan products and vertical loan products to borrowers.

Yirendai Ltd - ADR

Leave a Reply

Yirendai Ltd - ADR - Is it time to Sell?

Top Brokerage Firms are advising their investors on Yirendai Ltd - ADR. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.