Full Truck Alliance Co. Ltd. (NYSE:YMM) Receives $16.40 Consensus Price Target from Analysts

Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.40.

A number of research firms have recently weighed in on YMM. JPMorgan Chase & Co. upgraded Full Truck Alliance from a “neutral” rating to an “overweight” rating and upped their target price for the company from $13.00 to $18.00 in a research report on Thursday, March 6th. HSBC began coverage on shares of Full Truck Alliance in a research report on Wednesday, February 26th. They set a “buy” rating and a $18.00 price objective for the company. Industrial Alliance Securities set a $18.00 target price on shares of Full Truck Alliance in a research report on Thursday, March 6th. Barclays upped their price target on shares of Full Truck Alliance from $7.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Finally, Hsbc Global Res raised shares of Full Truck Alliance to a “strong-buy” rating in a research note on Wednesday, February 26th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Full Truck Alliance in the fourth quarter valued at about $64,000. Townsquare Capital LLC acquired a new position in shares of Full Truck Alliance in the fourth quarter valued at approximately $111,000. Wolverine Trading LLC bought a new position in Full Truck Alliance in the 4th quarter valued at approximately $115,000. Vise Technologies Inc. acquired a new stake in Full Truck Alliance during the 4th quarter worth approximately $130,000. Finally, Truist Financial Corp acquired a new stake in Full Truck Alliance during the 4th quarter worth approximately $143,000. 39.02% of the stock is currently owned by institutional investors.

Full Truck Alliance Trading Up 2.7 %

Shares of YMM stock opened at $13.30 on Tuesday. The stock has a market cap of $14.01 billion, a P/E ratio of 31.66 and a beta of 0.25. Full Truck Alliance has a 1 year low of $6.66 and a 1 year high of $13.85. The stock has a 50 day simple moving average of $12.27 and a 200 day simple moving average of $10.51.

Full Truck Alliance Increases Dividend

The business also recently announced an annual dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, April 7th will be given a $0.1444 dividend. The ex-dividend date of this dividend is Monday, April 7th. This represents a yield of 0.9%. This is a positive change from Full Truck Alliance’s previous annual dividend of $0.14. Full Truck Alliance’s dividend payout ratio (DPR) is currently 39.02%.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.