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EBIX

Ebix

$48.10

0.26 (0.54%)

, YTRA

Yatra

$3.89

0.17 (4.57%)

07:33
07/17/19
07/17
07:33
07/17/19
07:33

Ebix to acquire Yatra Online for $4.90 per share

Ebix (EBIX) and Yatra Online, Inc. (YTRA) announced that they have entered into a definitive agreement under which Ebix will acquire Yatra via merger. In connection with the merger, each ordinary share of Yatra be entitled to receive 0.005 shares of a new class of preferred stock of Ebix. Each share of Ebix Convertible Preferred Stock received for each Yatra Ordinary Share will, in turn, be convertible into 20 shares of common stock of Ebix. Based on the trailing 15-day volume weighted average price of Ebix Common Stock of $49.05 per share, each Yatra Ordinary Share convertible into Ebix Common Stock would be valued, on an as-converted basis, at $4.90 per share, representing an approximately 32% premium to Yatra's closing share price on March 8, 2019, the last trading day prior to the public announcement of Ebix's offer to acquire Yatra. Assuming a value of $4.90 per Yatra Ordinary Share, the transaction implies an enterprise value of $337.8mil at the Ebix collar price of $59 per share and post adjustment for Indebtedness, Working capital, Warrants to be converted and minimum cash requirement, a net equity value of $239M. Ebix will be issuing 243,747 convertible preferred stock, which in turn will be convertible into 4,874,931 shares of Ebix common stock. Following the completion of the transaction, Yatra will become part of Ebix's EbixCash travel portfolio alongside Via and Mercury and will continue to serve customers under the Yatra brand. The company said, "The transaction will create India's largest and most profitable travel services company, and a leading online travel platform poised to capture significant international growth opportunities."

EBIX

Ebix

$48.10

0.26 (0.54%)

YTRA

Yatra

$3.89

0.17 (4.57%)

EBIX Ebix
$48.10

0.26 (0.54%)

10/08/18
CHLM
10/08/18
NO CHANGE
Target $110
CHLM
Buy
Ebix share drop a buying opportunity, says Craig-Hallum
Noting that the company has announced that it will be changing auditors, Craig-Hallum analyst Jeff Van Rhee says his opinion on Ebix is unchanged. While a negative reaction to the auditor change headline is to be expected, the magnitude of the reaction appears to be misguided, he contends. The analyst points out that there is no difference of opinion on numbers, the company appears to be seeking and on a path to a "Big Four" auditor, and a second half of 2019 IPO timeline for EbixCash appears to be intact. He reiterates a Buy rating and $110 price target on the shares.
01/11/19
CHLM
01/11/19
NO CHANGE
Target $110
CHLM
Buy
Ebix shares should be owned into 2019, says Craig-Hallum
Craig-Hallum analyst Jeff Van Rhee tells investors in a research note that Ebix shares are a "coiled spring" and should be owned entering 2019. The analyst has a Buy rating and $110 price target on shares.
03/05/19
BMOC
03/05/19
NO CHANGE
Target $62
BMOC
Market Perform
Ebix price target lowered to $62 from $75 at BMO Capital
BMO Capital analyst James Fotheringham lowered his price target on Ebix to $62 to reflect its lower than previously modeled revenue more than offsetting lower expected expenses. The analyst also keeps his Market Perform rating on the shares, stating that in spite of its latest earnings beat, investors will be concerned by the company's "sliding targets and auditor changes" dampening valuation multiples.
05/10/19
MAXM
05/10/19
NO CHANGE
Target $124
MAXM
Buy
Ebix price target raised to $124 from $113 at Maxim
Maxim analyst Allen Klee raised his price target on Ebix to $124 and kept his Buy rating after its above-consensus Q1 earnings driven by "strong growth" in India and operating cash flows reaching all-time highs. At 11.6-times his forward earnings estimate, the analyst also sees valuation on Ebix as "compelling", with catalysts around the company's IPO/private equity investment of India business as well as a potential closing of its proposed Yatra Online acquisition.
YTRA Yatra
$3.89

0.17 (4.57%)

07/20/18
SBSH
07/20/18
INITIATION
Target $9
SBSH
Buy
Yatra initiated with a Buy at Citi
Citi analyst Mark May started Yatra with a Buy rating and $9 price target. The company has established itself as one of the leading online travel agencies in India, May tells investors in a research note. He forecasts 27% annual revenue growth for Yatra over the next three years and views the stock's risk/reward as favorable at current levels.
08/17/18
JEFF
08/17/18
INITIATION
Target $6.75
JEFF
Buy
Yatra initiated with a Buy at Jefferies
Jefferies analyst Arya Sen initiated Yatra (YTRA) with Buy rating and $6.75 price target, citing expected benefits from strong air traffic growth in India and low online penetration in hotel booking. While still a "distant No. 2" to MakeMyTrip (MMYT), Yatra has a differentiated strategy of operating in the corporate and travel agent segments while also being more focused on mid-tier and budget hotels in Tier 2/3 cities, said Sen.
02/04/19
OPCO
02/04/19
DOWNGRADE
OPCO
Perform
Yatra downgraded to Perform from Outperform at Oppenheimer
02/04/19
OPCO
02/04/19
DOWNGRADE
OPCO
Perform
Oppenheimer downgrades Yatra to Perform on lack of catalysts
Oppenheimer analyst Jed Kelly downgraded Yatra Online (YTRA) to Perform from Outperform and removed his prior $8 price target. The analyst sees a lack of near-term catalysts for the shares. The stock will likely be range-bound based on decelerating revenue trends, Kelly tells investors in a research note. The analyst forecasts fiscal 2020 marketing leverage of up 370 basis points year-over-year, which he calls "underwhelming" for an emerging market company growing revenue in the mid-teens. Further, this should also limit the narrative that Yatra's corporate segment is a differentiator to MakeMyTrip (MMYT), says Kelly.

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GM

General Motors

$36.62

0.3 (0.83%)

21:16
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GLD

SPDR Gold Shares

$140.57

0.4 (0.29%)

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CMCSA

Comcast

$45.74

-0.04 (-0.09%)

, CMCSK

Comcast

$0.00

(0.00%)

20:25
10/23/19
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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Comcast

$45.74

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CMCSK

Comcast

$0.00

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3M

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Northrop Grumman

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Raytheon

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BAX

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DOW

Dow Inc.

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HSY

Hershey

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TWTR

Twitter

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AMZN

Amazon.com

$1,761.81

-4.26 (-0.24%)

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DLGNF

Dialog Semiconductor

$0.00

(0.00%)

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HBMD

Howard Bancorp

$16.20

-0.23 (-1.40%)

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Earnings
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TSLA

Tesla

$254.93

-0.69 (-0.27%)

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PUB

People's Utah Bancorp

$28.93

-0.57 (-1.93%)

18:58
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18:58
Earnings
People's Utah Bancorp reports Q3 EPS 59c, consensus 59c »

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TSLA

Tesla

$254.93

-0.69 (-0.27%)

, MKSI

MKS Instruments

$94.65

-1.26 (-1.31%)

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Tesla

$254.93

-0.69 (-0.27%)

MKSI

MKS Instruments

$94.65

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ALGN

Align Technology

$217.25

3.62 (1.69%)

FFIV

F5 Networks

$138.33

-0.71 (-0.51%)

MX

MagnaChip

$11.97

-0.2 (-1.64%)

PYPL

PayPal

$96.55

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LRCX

Lam Research

$233.22

-1.69 (-0.72%)

VAR

Varian Medical

$117.42

2.83 (2.47%)

NOW

ServiceNow

$220.01

-8.25 (-3.61%)

SAVE

Spirit Airlines

$37.73

0.48 (1.29%)

SEIC

SEI Investments

$57.20

-0.21 (-0.37%)

EW

Edwards Lifesciences

$224.58

2.66 (1.20%)

PTC

PTC

$66.91

1.07 (1.63%)

ORLY

O'Reilly Automotive

$400.49

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BMRN

BioMarin

$69.07

1.34 (1.98%)

CMRE

Costamare

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0.25 (3.54%)

SLM

Sallie Mae

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0.005 (0.06%)

CLB

Core Laboratories

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1.525 (3.61%)

AEM

Agnico Eagle

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1.03 (1.94%)

MSFT

Microsoft

$137.23

0.84 (0.62%)

NTGR

Netgear

$30.63

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FTI

TechnipFMC

$23.40

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EBAY

eBay

$39.22

0.25 (0.64%)

KRA

Kraton

$21.47

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F

Ford

$9.20

0.14 (1.55%)

MMLP

Martin Midstream Partners

$4.42

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XLNX

Xilinx

$93.83

-2.18 (-2.27%)

DHT

DHT Holdings

$7.68

0.3 (4.07%)

EFX

Equifax

$139.06

-0.2 (-0.14%)

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TSLA

Tesla

$254.93

-0.69 (-0.27%)

18:45
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  • 23

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NOW

ServiceNow

$220.01

-8.25 (-3.61%)

, NKE

Nike

$92.30

-3.31 (-3.46%)

18:44
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ServiceNow CEO: I have a twenty year relationship with Nike »

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$220.01

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NKE

Nike

$92.30

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TSLA

Tesla

$254.93

-0.69 (-0.27%)

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PKG

Packaging Corp.

$110.11

1.48 (1.36%)

18:40
10/23/19
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18:40
Earnings
Packaging Corp. reports Q3 EPS ex-items $1.92, consensus $1.90 »

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TSLA

Tesla

$254.93

-0.69 (-0.27%)

18:38
10/23/19
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18:38
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Tesla CEO says made great strides in controlling costs during Q3 »

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POOL

Pool Corp.

$206.03

-6.87 (-3.23%)

18:32
10/23/19
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18:32
Hot Stocks
Pool Corp. CFO sells 5,000 common shares »

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GOOG

Alphabet

$1,259.62

16.835 (1.35%)

, GOOGL

Alphabet Class A

$1,257.88

16.8 (1.35%)

18:29
10/23/19
10/23
18:29
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18:29
Periodicals
Google accused of building spy software curb worker dissent, Bloomberg says »

Google workers are…

GOOG

Alphabet

$1,259.62

16.835 (1.35%)

GOOGL

Alphabet Class A

$1,257.88

16.8 (1.35%)

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NFBK

Northfield Bancorp

$16.88

0.04 (0.24%)

18:18
10/23/19
10/23
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18:18
Earnings
Northfield Bancorp reports Q3 EPS 28c, consensus 26c »

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  • 13

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BRP

BRP Group

$0.00

(0.00%)

18:16
10/23/19
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18:16
Syndicate
BRP Group 16.4M share IPO priced at $14.00 »

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GOOG

Alphabet

$1,259.62

16.835 (1.35%)

, GOOGL

Alphabet Class A

$1,257.88

16.8 (1.35%)

18:04
10/23/19
10/23
18:04
10/23/19
18:04
Periodicals
Google accused of building spy software curb worker dissent, Bloomberg says »

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GOOG

Alphabet

$1,259.62

16.835 (1.35%)

GOOGL

Alphabet Class A

$1,257.88

16.8 (1.35%)

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MSFT

Microsoft

$137.23

0.84 (0.62%)

18:03
10/23/19
10/23
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18:03
Hot Stocks
Microsoft sees Q2 Productivity and Business Processes revenue $11.3B-$11.5B »

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TSLA

Tesla

$254.93

-0.69 (-0.27%)

18:02
10/23/19
10/23
18:02
10/23/19
18:02
Hot Stocks
Breaking Hot Stocks news story on Tesla »

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ISTR

Investar Holding

$24.00

0.01 (0.04%)

18:01
10/23/19
10/23
18:01
10/23/19
18:01
Earnings
Investar Holding reports Q3 EPS 46c, consensus 48c »

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MSFT

Microsoft

$137.23

0.84 (0.62%)

17:58
10/23/19
10/23
17:58
10/23/19
17:58
Hot Stocks
Microsoft says 'off to strong start' to FY20 »

Says: Investing…

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FIBK

First Interstate

$43.01

0.34 (0.80%)

17:53
10/23/19
10/23
17:53
10/23/19
17:53
Earnings
First Interstate reports Q3 EPS 76c, consensus 79c »

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MYGN

Myriad Genetics

$31.58

-0.71 (-2.20%)

, GSK

GlaxoSmithKline

$43.25

0.74 (1.74%)

17:43
10/23/19
10/23
17:43
10/23/19
17:43
Hot Stocks
Myriad Genetics announces FDA approval of myChoice CDx test »

Myriad Genetics (MYGN)…

MYGN

Myriad Genetics

$31.58

-0.71 (-2.20%)

GSK

GlaxoSmithKline

$43.25

0.74 (1.74%)

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