PPDAI Group Inc – (PPDF) Given Average Recommendation of “Hold” by Analysts

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

Brokerages have set a twelve-month consensus price objective of $5.50 for the company and are expecting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned PPDAI Group an industry rank of 43 out of 255 based on the ratings given to related companies.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of PPDAI Group from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a research note on Tuesday, February 12th. ValuEngine raised shares of PPDAI Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Morgan Stanley assumed coverage on shares of PPDAI Group in a research note on Tuesday, December 11th. They issued a “weight” rating and a $6.00 target price on the stock.

Shares of PPDF stock traded down $0.33 during trading hours on Thursday, hitting $4.00. 1,357,072 shares of the company’s stock were exchanged, compared to its average volume of 1,210,584. The company has a market capitalization of $1.20 billion, a PE ratio of 3.57 and a beta of 1.65. PPDAI Group has a 12-month low of $2.85 and a 12-month high of $8.45.

PPDAI Group (NYSE:PPDF) last posted its quarterly earnings results on Thursday, March 14th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.24 by $0.12. PPDAI Group had a net margin of 57.23% and a return on equity of 48.37%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted ($5.82) earnings per share. The business’s revenue was up 34.6% compared to the same quarter last year. As a group, equities analysts forecast that PPDAI Group will post 0.97 EPS for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 5th will be paid a $0.0283 dividend. The ex-dividend date of this dividend is Thursday, April 4th.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC bought a new stake in PPDAI Group in the third quarter valued at $16,766,000. Wells Fargo & Company MN boosted its holdings in PPDAI Group by 13.6% in the third quarter. Wells Fargo & Company MN now owns 7,630,542 shares of the company’s stock valued at $41,052,000 after acquiring an additional 915,372 shares in the last quarter. Folger Hill Asset Management LP bought a new stake in PPDAI Group in the third quarter valued at $2,311,000. Two Sigma Investments LP bought a new stake in PPDAI Group in the fourth quarter valued at $1,036,000. Finally, Massachusetts Institute of Technology bought a new stake in PPDAI Group in the fourth quarter valued at $871,000. 9.67% of the stock is currently owned by institutional investors.

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 and other loan products; and investment services to investors.

Recommended Story: How do investors use RSI to grade stocks?

Get a free copy of the Zacks research report on PPDAI Group (PPDF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for PPDAI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPDAI Group and related companies with MarketBeat.com's FREE daily email newsletter.