Shares of LexinFintech Holdings Ltd – (NASDAQ:LX) have been assigned an average rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $15.15.
LX has been the subject of a number of recent research reports. Zacks Investment Research upgraded LexinFintech from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, July 26th. China Renaissance Securities reissued a “buy” rating and issued a $18.00 price objective on shares of LexinFintech in a research note on Tuesday, May 14th. ValuEngine downgraded shares of LexinFintech from a “hold” rating to a “sell” rating in a research note on Monday, August 12th. Finally, BNP Paribas raised shares of LexinFintech from a “hold” rating to a “buy” rating and set a $12.60 price objective for the company in a research note on Friday, May 10th.
NASDAQ:LX traded up $0.10 during mid-day trading on Friday, reaching $10.15. 204,265 shares of the stock were exchanged, compared to its average volume of 517,568. The company has a 50 day simple moving average of $10.94 and a 200-day simple moving average of $11.62. The stock has a market capitalization of $1.65 billion, a P/E ratio of 6.34 and a beta of 1.99. The company has a quick ratio of 1.44, a current ratio of 1.45 and a debt-to-equity ratio of 0.04. LexinFintech has a 1 year low of $6.48 and a 1 year high of $14.66.
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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