Analysts Set $6.50 Target Price for X Financial (NYSE:XYF)

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X Financial (NYSE:XYF) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokers have set a 12 month consensus target price of $6.50 for the company, according to Zacks. Zacks has also assigned X Financial an industry rank of 75 out of 256 based on the ratings given to its competitors.

A hedge fund recently bought a new stake in X Financial stock. Norges Bank bought a new position in shares of X Financial (NYSE:XYF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 315,000 shares of the company’s stock, valued at approximately $1,345,000. Norges Bank owned approximately 0.21% of X Financial at the end of the most recent quarter. Institutional investors own 1.11% of the company’s stock.

Shares of XYF traded down $0.06 during mid-day trading on Thursday, hitting $2.96. The company had a trading volume of 54,149 shares, compared to its average volume of 48,604. The business has a 50-day moving average of $3.74. X Financial has a 1-year low of $2.91 and a 1-year high of $20.30.

X Financial (NYSE:XYF) last released its earnings results on Monday, May 20th. The company reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $115.69 million during the quarter.

About X Financial

X Financial provides personal finance services in the People's Republic of China. The company offers a suite of products connecting borrowers and investors through a proprietary Internet platform. It provides loan products, which include Xiaoying card loan and Xiaoying preferred loan; and investment opportunities through wealth management platform, Xiaoying wealth management with insurance protection.

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