Yirendai (YRD) Receiving Somewhat Favorable News Coverage, Report Finds
Media headlines about Yirendai (NYSE:YRD) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Yirendai earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.5062958555999 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Yirendai Sees Unusually High Options Volume (YRD) (americanbankingnews.com)
- Yirendai Ltd. (YRD) Now Covered by Macquarie (americanbankingnews.com)
- Yirendai Ltd., (NYSE: YRD), Premier, Inc., (NASDAQ: PINC), Noble Corporation plc, (NYSE: NE), Babcock & Wilcox … – Stocks In The News (press release) (tradingnewsnow.com)
- Qudian: Caught in China’s Payday Lender Crackdown (finance.yahoo.com)
- Yirendai Ltd. (NYSE:YRD) – Is The Stock Undervalued? (P/E Evaluation) – Nasdaq Journal (press release) (nasdaqjournal.com)
A number of equities analysts have recently issued reports on YRD shares. Zacks Investment Research raised shares of Yirendai from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Friday, November 17th. Needham & Company LLC reissued a “buy” rating and set a $42.00 price objective (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. Finally, ValuEngine cut shares of Yirendai from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 3rd. Five research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $52.00.
Yirendai (NYSE YRD) opened at $38.29 on Friday. The stock has a market cap of $2,552.18, a PE ratio of 13.56 and a beta of 8.34. Yirendai has a 1 year low of $19.85 and a 1 year high of $53.50.
Yirendai (NYSE:YRD) last released its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.04). The company had revenue of $227.50 million for the quarter, compared to the consensus estimate of $201.27 million. Yirendai had a return on equity of 70.10% and a net margin of 27.09%. Yirendai’s revenue for the quarter was up 73.0% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. equities analysts anticipate that Yirendai will post 3.15 earnings per share for the current year.
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.
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