LexinFintech Holdings Ltd – (NASDAQ:LX) Receives $15.15 Average Price Target from Brokerages
LexinFintech Holdings Ltd – (NASDAQ:LX) has earned an average recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.15.
LX has been the topic of a number of research reports. ValuEngine lowered LexinFintech from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Zacks Investment Research upgraded LexinFintech from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, July 26th. China Renaissance Securities restated a “buy” rating and set a $18.00 price objective on shares of LexinFintech in a research report on Tuesday, May 14th. Finally, BNP Paribas upgraded LexinFintech from a “hold” rating to a “buy” rating and set a $12.60 price objective on the stock in a research report on Friday, May 10th.
LX stock traded up $0.41 during midday trading on Friday, reaching $10.75. 17,267 shares of the stock were exchanged, compared to its average volume of 545,129. The stock has a market capitalization of $1.75 billion, a PE ratio of 6.63 and a beta of 1.99. LexinFintech has a 52 week low of $6.48 and a 52 week high of $14.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.45 and a quick ratio of 1.44. The company has a fifty day moving average price of $11.00 and a 200 day moving average price of $11.61.
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.
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