Analysts’ Recent Ratings Changes for LexinFintech (LX)

Share on StockTwits

LexinFintech (NASDAQ: LX) has recently received a number of price target changes and ratings updates:

  • 5/23/2019 – LexinFintech was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “LexinFintech Holdings Ltd. is an online consumer finance platform for educated young adults primarily in China. The Company provide technologies including big data, cloud computing and artificial intelligence. LexinFintech Holdings Ltd. is based in China. “
  • 5/21/2019 – LexinFintech was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “LexinFintech Holdings Ltd. is an online consumer finance platform for educated young adults primarily in China. The Company provide technologies including big data, cloud computing and artificial intelligence. LexinFintech Holdings Ltd. is based in China. “
  • 5/14/2019 – LexinFintech had its “buy” rating reaffirmed by analysts at China Renaissance Securities Ltd.. They now have a $18.00 price target on the stock.
  • 5/10/2019 – LexinFintech was upgraded by analysts at BNP Paribas from a “hold” rating to a “buy” rating. They now have a $12.60 price target on the stock.
  • 4/19/2019 – LexinFintech was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/5/2019 – LexinFintech was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of NASDAQ LX traded down $0.51 during midday trading on Thursday, hitting $12.02. The stock had a trading volume of 63,675 shares, compared to its average volume of 1,607,438. The firm has a market capitalization of $2.01 billion, a P/E ratio of 7.51 and a beta of 2.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.45 and a quick ratio of 1.28. LexinFintech Holdings Ltd – has a 1-year low of $6.48 and a 1-year high of $17.39.

LexinFintech (NASDAQ:LX) last released its quarterly earnings results on Friday, May 17th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.29 by $0.19. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.90 billion. LexinFintech had a return on equity of 59.67% and a net margin of 27.22%. LexinFintech’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. On average, equities research analysts expect that LexinFintech Holdings Ltd – will post 1.7 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Segantii Capital Management Ltd bought a new stake in shares of LexinFintech in the 1st quarter valued at approximately $144,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of LexinFintech in the 1st quarter valued at approximately $152,000. Bayesian Capital Management LP increased its holdings in shares of LexinFintech by 49.2% in the 1st quarter. Bayesian Capital Management LP now owns 17,591 shares of the company’s stock valued at $185,000 after acquiring an additional 5,800 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of LexinFintech by 50.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 18,000 shares of the company’s stock valued at $189,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of LexinFintech by 106.7% in the 4th quarter. Barclays PLC now owns 18,200 shares of the company’s stock valued at $132,000 after acquiring an additional 9,393 shares during the last quarter. Institutional investors own 14.17% of the company’s stock.

LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in the People's Republic of China. The company operates Fenqile.com, a retail and online consumer finance platform that offers installment purchase loans, personal installment loans, and other loan products, as well as provides online direct sales with installment payment terms.

Featured Story: What does a bar chart display?

Receive News & Ratings for LexinFintech Holdings Ltd - Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LexinFintech Holdings Ltd - and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

BidaskClub Lowers The Ensign Group  to Hold
BidaskClub Lowers The Ensign Group to Hold
Chardan Capital Reiterates $20.00 Price Target for La Jolla Pharmaceutical
Chardan Capital Reiterates $20.00 Price Target for La Jolla Pharmaceutical
Virtus Investment Partners  Downgraded by ValuEngine
Virtus Investment Partners Downgraded by ValuEngine
Cheesecake Factory  Rating Lowered to Sell at BidaskClub
Cheesecake Factory Rating Lowered to Sell at BidaskClub
Insider Selling: Diamondback Energy Inc  VP Sells $536,400.00 in Stock
Insider Selling: Diamondback Energy Inc VP Sells $536,400.00 in Stock
Insider Selling: Gran Colombia Gold Corp  Senior Officer Sells C$836,403.50 in Stock
Insider Selling: Gran Colombia Gold Corp Senior Officer Sells C$836,403.50 in Stock


 
© 2006-2019 Zolmax.