Zacks: Brokerages Set $5.50 Target Price for PPDAI Group Inc – (NYSE:PPDF)

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Shares of PPDAI Group Inc – (NYSE:PPDF) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokerages have set a 12-month consensus price target of $5.50 for the company and are expecting that the company will post $0.23 EPS for the current quarter, according to Zacks. Zacks has also given PPDAI Group an industry rank of 103 out of 256 based on the ratings given to its competitors.

Several equities research analysts have issued reports on the stock. ValuEngine cut shares of USD Partners from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. Zacks Investment Research raised shares of IMI PLC/S from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, TheStreet cut shares of Tribune Publishing from a “c-” rating to a “d+” rating in a research note on Monday, May 20th.

Several institutional investors have recently added to or reduced their stakes in PPDF. Segantii Capital Management Ltd acquired a new stake in shares of PPDAI Group in the first quarter worth approximately $59,000. Virtu Financial LLC acquired a new stake in shares of PPDAI Group in the first quarter worth approximately $62,000. First Republic Investment Management Inc. acquired a new stake in shares of PPDAI Group in the first quarter worth approximately $96,000. Greenspring Associates Inc. acquired a new stake in shares of PPDAI Group in the fourth quarter worth approximately $233,000. Finally, Northern Trust Corp acquired a new stake in shares of PPDAI Group in the fourth quarter worth approximately $285,000. 8.76% of the stock is currently owned by institutional investors.

NYSE:PPDF traded up $0.17 during mid-day trading on Thursday, hitting $4.52. 22,578 shares of the company’s stock traded hands, compared to its average volume of 1,231,171. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.02. The business has a 50 day simple moving average of $4.55. PPDAI Group has a 1 year low of $2.85 and a 1 year high of $6.95. The stock has a market capitalization of $1.34 billion, a P/E ratio of 4.05 and a beta of 1.60.

PPDAI Group (NYSE:PPDF) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.10. PPDAI Group had a net margin of 56.74% and a return on equity of 48.73%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The firm’s quarterly revenue was up 571.1% compared to the same quarter last year. Research analysts anticipate that PPDAI Group will post 0.97 earnings per share for the current year.

PPDAI Group Company Profile

PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard, handy cash, consumption, and other loan products; and investment services to investors and institutional funding partners.

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