LexinFintech Holdings Ltd. which can be found using ticker (LX) have now 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 4.99 and 2.65 with the average target price sitting at $3.43. Given that the stocks previous close was at $2.46 this would imply there is now a potential upside of 39.4%. The day 50 moving average is $2.92 and the 200 day MA is $2.17. The company has a market cap of $479m. You can visit the company’s website by visiting: https://www.lexin.com
The potential market cap would be $668m based on the market consensus.
LexinFintech Holdings Ltd., through its subsidiaries, offers online consumer finance services in the People’s Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as provides online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending. It also provides technology-driven platform services to increase revenues, manage financial risks, enhance operating efficiency and service quality, enhance collections, and reduce overall costs; Maiya application, a location-based services shopping experience with buy-now and pay-later options; and Juzi Licai, an online investment platform. In addition, the company offers technical support and consulting, software development, financing guarantee, and financial technology services. The company was formerly known as Staging Finance Holding Ltd. and changed its name to LexinFintech Holdings Ltd. in March 2017. LexinFintech Holdings Ltd. was incorporated in 2013 and is headquartered in Shenzhen, the People’s Republic of China.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 3.88, revenue per share of 56.69 and a 0.96% return on assets.
