LexinFintech (NASDAQ:LX) Downgraded by ValuEngine to Strong Sell

Share on StockTwits

ValuEngine cut shares of LexinFintech (NASDAQ:LX) from a sell rating to a strong sell rating in a research note released on Saturday, ValuEngine reports.

Several other equities research analysts also recently commented on the stock. Bank of America upped their price objective on shares of LexinFintech from $21.00 to $22.00 and gave the company a buy rating in a report on Tuesday, September 3rd. TheStreet downgraded shares of LexinFintech from a c- rating to a d+ rating in a report on Friday, October 11th. Zacks Investment Research downgraded shares of LexinFintech from a buy rating to a hold rating in a report on Friday, October 4th. BOCOM International assumed coverage on shares of LexinFintech in a report on Thursday, October 10th. They set a buy rating and a $12.34 price objective on the stock. Finally, Credit Suisse Group assumed coverage on shares of LexinFintech in a report on Tuesday, October 8th. They set an outperform rating and a $17.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $15.32.

Shares of NASDAQ:LX opened at $10.82 on Friday. The company’s 50-day moving average is $10.35 and its 200 day moving average is $11.45. The company has a market capitalization of $1.87 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 0.45 and a beta of 1.97. LexinFintech has a fifty-two week low of $6.48 and a fifty-two week high of $14.66.

LexinFintech (NASDAQ:LX) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.42 by ($2.92). The company had revenue of $969.60 million during the quarter. LexinFintech had a return on equity of 52.70% and a net margin of 26.86%. The business’s revenue was up 53.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. As a group, analysts predict that LexinFintech will post 1.75 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. bought a new position in shares of LexinFintech in the second quarter worth approximately $28,000. American Beacon Advisors Inc. bought a new position in shares of LexinFintech in the second quarter worth approximately $33,000. Aperio Group LLC bought a new position in shares of LexinFintech in the second quarter worth approximately $46,000. Tower Research Capital LLC TRC bought a new position in shares of LexinFintech in the second quarter worth approximately $54,000. Finally, Royal Bank of Canada bought a new position in shares of LexinFintech in the second quarter worth approximately $56,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

About LexinFintech

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: Percentage Gainers

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for LexinFintech (NASDAQ:LX)

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



Latest News

Santander Consumer USA Holdings Inc  Sees Large Decline in Short Interest
Santander Consumer USA Holdings Inc Sees Large Decline in Short Interest
Valhi, Inc.  Sees Large Decline in Short Interest
Valhi, Inc. Sees Large Decline in Short Interest
Five Star Senior Living Inc  Short Interest Down 6.6% in October
Five Star Senior Living Inc Short Interest Down 6.6% in October
DE ENHANCED GLB/COM  To Go Ex-Dividend on November 21st
DE ENHANCED GLB/COM To Go Ex-Dividend on November 21st
Eaton Vance Floating-Rate Income Trust  to Issue Monthly Dividend of $0.08 on  November 29th
Eaton Vance Floating-Rate Income Trust to Issue Monthly Dividend of $0.08 on November 29th
Canoe EIT Income Fund  to Issue Monthly Dividend of $0.10 on  December 13th
Canoe EIT Income Fund to Issue Monthly Dividend of $0.10 on December 13th


© 2006-2019 Ticker Report