Shares of Full Truck Alliance Co. Ltd. Sponsored ADR (NYSE:YMM – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $11.2956.
A number of research firms have recently issued reports on YMM. Weiss Ratings cut shares of Full Truck Alliance from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Nomura set a $11.00 price target on Full Truck Alliance in a research note on Monday, June 15th. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $8.60 to $10.00 in a report on Monday, June 29th. Finally, UBS Group reiterated a “buy” rating and issued a $13.36 price target on shares of Full Truck Alliance in a report on Wednesday, August 5th.
View Our Latest Research Report on YMM
Institutional Trading of Full Truck Alliance
Full Truck Alliance Stock Down 0.8%
Shares of NYSE YMM opened at $8.56 on Friday. The firm has a market cap of $8.92 billion, a PE ratio of 14.51, a P/E/G ratio of 0.74 and a beta of 0.23. Full Truck Alliance has a 12-month low of $7.45 and a 12-month high of $14.07. The company’s fifty day simple moving average is $8.91 and its 200 day simple moving average is $8.75.
Full Truck Alliance (NYSE:YMM – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Full Truck Alliance had a net margin of 33.07% and a return on equity of 10.68%. The firm had revenue of $497.73 million during the quarter, compared to the consensus estimate of $463.13 million. On average, equities analysts predict that Full Truck Alliance will post 0.71 earnings per share for the current year.
Full Truck Alliance Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 14th will be given a dividend of $0.084 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 14th. Full Truck Alliance’s dividend payout ratio is presently 54.24%.
Full Truck Alliance Company Profile
Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.
The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.
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