LexinFintech Holdings Ltd. with ticker code (LX) now have 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 4.97 and 2.67 calculating the mean target price we have $3.44. Now with the previous closing price of $2.15 and the analysts are correct then there would likely be a percentage uptick in value of 60.0%. It’s also worth noting that there is a 50 day moving average of $2.59 and the 200 moving average now moves to $2.21. The market capitalization for the company is $406m. Find out more information at: https://www.lexin.com
The potential market cap would be $649m 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 3.44, revenue per share of 56.69 and a 0.96% return on assets.
