Lufax Holding Ltd (NYSE: LU) has obtained a consensus recommendation to “Buy” from the eight rating companies that currently cover the company, reports MarketBeat.com. Three investment analysts gave the stock a conservation rating and five gave the company a buy rating. The one-year average price target among brokerage firms that hedged the stock in the past year is $ 14.84.
Several brokerage firms have recently weighed on LU. Sanford C. Bernstein Upgraded Lufax Shares From “Underperformance” To “Market Performance” Rating And Set A Price Target Of $ 6.00 On The Stock In A Research Note Tuesday, November 2. Zacks investment research reduced Lufax’s shares from a “buy” note to a “keep” note in a Wednesday, November 17 research note.
READ opened for $ 5.63 on Friday. The company has a debt ratio of 0.12, a rapid ratio of 1.54, and a current ratio of 1.54. The stock has a market cap of $ 13.86 billion, a P / E ratio of 5.41, a P / E / G ratio of 0.33, and a beta of 1.30. The company’s 50-day simple moving average is $ 6.34 and its two-hundred-day simple moving average is $ 7.83. Lufax has a minimum of $ 5.14 over 52 weeks and a maximum of $ 18.30 over 52 weeks.
Lufax (NYSE: LU) last released its results on Tuesday, November 9. The company reported earnings per share (EPS) of $ 0.26 for the quarter, missing the Thomson Reuters consensus estimate of $ 1.56 ($ 1.30). The company posted revenue of $ 2.47 billion for the quarter, compared to a consensus estimate of $ 2.41 billion. Lufax had a net margin of 28.26% and a return on equity of 19.55%. Research analysts predict that Lufax will post 1.07 EPS for the current fiscal year.
Hedge funds and other institutional investors recently bought and sold shares in the company. Charles Schwab Investment Management Inc. strengthened its position in Lufax shares by 216.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 710,438 shares of the company valued at $ 8,028,000 after acquiring 485,908 additional shares during the last quarter. Citigroup Inc. strengthened its position in Lufax shares by 32.0% during the 2nd quarter. Citigroup Inc. now owns 136,334 shares of the company valued at $ 1,541,000 after acquiring an additional 33,033 shares during the last quarter. Blackstone Inc purchased a new position in Lufax shares during the second quarter valued at approximately $ 28,015,000. GSA Capital Partners LLP purchased a new position in Lufax shares during the 2nd quarter valued at approximately $ 297,000. Finally, State Street Corp strengthened its position in Lufax shares by 54.7% during the second quarter. State Street Corp now owns 4,348,690 shares of the company valued at $ 49,140,000 after acquiring an additional 1,538,337 shares in the last quarter. Hedge funds and other institutional investors own 9.15% of the company’s shares.
Lufax Holding Ltd operates a technology-based personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer credit loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore) and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that provides small business owners with lending solutions; and technology empowerment solutions for financial institutions.
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