LexinFintech Holdings Ltd. with ticker code (LX) have now 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 3.97 and 1.81 and has a mean target at 2.55. Now with the previous closing price of 3.12 this would imply there is a potential downside of -18.3%. The 50 day MA is 1.93 and the 200 day MA is 2.04. The company has a market capitalisation of $559m. Company Website: https://www.lexin.com
The potential market cap would be $457m based on the market concensus.
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.
