Jefferies Thinks Yintech Investment Holdings’ Stock is Going to Recover

By Austin Angelo

Jefferies analyst Johnny Kin Man Wong reiterated a Buy rating on Yintech Investment Holdings (NASDAQ: YIN) yesterday and set a price target of $15. The company’s shares opened today at $9.94, close to its 52-week high of $22.97.

According to TipRanks.com, Wong is a 4-star analyst with an average return of 15.4% and a 48.8% success rate. Wong covers the Services sector, focusing on stocks such as New Oriental Education Tech, Tarena International, and TAL Education Group.

Yintech Investment Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $15.

Based on Yintech Investment Holdings’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $161 million and quarterly net profit of $55.42 million. In comparison, last year the company earned revenue of $77.23 million and had a net profit of $30.6 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Yintech Investment Holdings Ltd. engages in the provision of online spot commodity trading services. It facilitates the trading by individual customers of silver, gold, and other precious metals and commodities on Shanghai Gold Exchange, Tianjin Precious Metals Exchange, and Guangdong Precious Metals Exchange.