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 target price High/Low ranges between 4.99 and 2.67 suggesting an average Analsyt target price of $3.45. Now with the previous closing price of $2.36 this is indicating there is a potential upside of 46.2%. There is a 50 day moving average of $2.68 while the 200 day moving average is $2.21. The total market capitalization for the company now stands at $435m. Company Website: https://www.lexin.com
The potential market cap would be $636m 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 3.87, revenue per share of 56.69 and a 0.96% return on assets.
