Shares of LexinFintech Holdings Ltd – (NASDAQ:LX) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price target of $18.00 for the company, according to Zacks. Zacks has also assigned LexinFintech an industry rank of 58 out of 257 based on the ratings given to related companies.

Several analysts have issued reports on LX shares. Bank of America cut their target price on LexinFintech from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, August 27th. Zacks Investment Research lowered LexinFintech from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 30th.

Shares of NASDAQ LX traded down $0.35 during midday trading on Tuesday, hitting $9.55. 353,396 shares of the company’s stock were exchanged, compared to its average volume of 427,163. LexinFintech has a 12-month low of $9.11 and a 12-month high of $20.00. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.65 billion and a price-to-earnings ratio of 43.41.

LexinFintech (NASDAQ:LX) last issued its quarterly earnings data on Wednesday, November 14th. The company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $1.69. LexinFintech had a return on equity of 47.96% and a net margin of 15.33%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.65 billion. The business’s revenue was up 16.6% compared to the same quarter last year. On average, analysts predict that LexinFintech will post 0.98 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can purchased a new stake in LexinFintech in the third quarter worth approximately $187,000. Symmetry Peak Management LLC purchased a new stake in LexinFintech in the third quarter worth approximately $199,000. Raymond James & Associates purchased a new stake in LexinFintech in the second quarter worth approximately $294,000. Granite Point Capital Management L.P. boosted its stake in LexinFintech by 151.8% in the third quarter. Granite Point Capital Management L.P. now owns 33,239 shares of the company’s stock worth $330,000 after buying an additional 20,039 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in LexinFintech in the second quarter worth approximately $448,000. 7.58% of the stock is owned by institutional investors and hedge funds.

LexinFintech Company Profile

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, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products, as well as Le Card credit line.

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