Zacks: Yatra Online, Inc. (YTRA) Given Consensus Rating of “Strong Buy” by Brokerages

Yatra Online, Inc. (NASDAQ:YTRA) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price objective of $14.90 for the company and are forecasting that the company will post ($0.26) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Yatra Online an industry rank of 85 out of 265 based on the ratings given to related companies.

A number of brokerages have issued reports on YTRA. CIBC began coverage on Yatra Online in a research note on Wednesday, July 12th. They issued an “outperform” rating and a $15.00 price target for the company. Oppenheimer Holdings, Inc. initiated coverage on Yatra Online in a research report on Tuesday, July 11th. They set an “outperform” rating and a $15.00 price objective for the company. Deutsche Bank AG initiated coverage on Yatra Online in a research report on Thursday, June 15th. They set a “buy” rating and a $15.00 price objective for the company. Finally, Macquarie initiated coverage on Yatra Online in a research report on Monday, June 5th. They issued an “outperform” rating and a $14.80 price target for the company.

A hedge fund recently bought a new stake in Yatra Online stock. Spark Investment Management LLC purchased a new stake in Yatra Online, Inc. (NASDAQ:YTRA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,800 shares of the technology company’s stock, valued at approximately $706,000. Spark Investment Management LLC owned approximately 0.21% of Yatra Online as of its most recent SEC filing. 22.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of Yatra Online (NASDAQ:YTRA) traded down 1.73% during trading on Tuesday, hitting $10.79. The stock had a trading volume of 65,321 shares. Yatra Online has a 1-year low of $7.71 and a 1-year high of $12.85. The stock’s 50-day moving average price is $11.13 and its 200 day moving average price is $9.71. The firm’s market capitalization is $330.23 million.

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About Yatra Online

Yatra Online, Inc is an India-based consumer travel platform and online travel agent. The Company’s segments include Air Ticketing, Hotels and Packages, and Others. Through Internet and mobile-based platform and call-centers, the Company provides the facility to book and service international and domestic air tickets to customer through business-to-consumer (B2C) and business-to-business-to-consumer (B2B2C) channel.

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