Lufax Holding Ltd (NYSE:LU – Get Rating) received an average rating of “Hold” by the five research firms that currently cover the company, MarketBeat.com reports. Three research analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 12-month average price target among analysts who have rated the stock over the past year is $8.45.
A number of research analysts have recently commented on the company. Macquarie downgraded Lufax from an “outperform” rating to a “neutral” rating and set a price target of $5.00 for the company. in a Wednesday, March 9 research note. CICC Research supported Lufax’s coverage in a Monday, May 9 research note. They gave the company an “outperform” rating.
NYSE LU opened at $6.34 on Friday. The company has a fifty-day moving average price of $5.82 and a two-hundred-day moving average price of $5.68. The company has a debt ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. Lufax has a fifty-two week low of $4.09 and a fifty-two week high of $12.39. The stock has a market capitalization of $14.49 billion, a PE ratio of 5.87, a PEG ratio of 0.65 and a beta of -0.08.
Lufax (NYSE:LU – Get Rating) last released its results on Wednesday, May 25. The company reported earnings per share of $0.34 for the quarter, beating the consensus estimate of $0.31 by $0.03. Lufax had a return on equity of 18.54% and a net margin of 26.75%. In the same quarter of the previous year, the company had earned earnings per share of $0.30. As a group, sell-side analysts expect Lufax to post earnings per share of 0.96 for the current year.
A number of institutional investors and hedge funds have recently changed their positions in LU. Geode Capital Management LLC increased its stake in Lufax by 12.7% in the third quarter. Geode Capital Management LLC now owns 606,385 shares of the company worth $4,193,000 after purchasing an additional 68,551 shares during the period. Voya Investment Management LLC increased its stake in Lufax by 117.9% during the third quarter. Voya Investment Management LLC now owns 41,637 shares of the company worth $291,000 after purchasing an additional 22,532 shares during the period. Invesco Ltd. increased its stake in Lufax by 256.4% during the 3rd quarter. Invesco Ltd. now owns 486,210 shares of the company worth $3,394,000 after purchasing an additional 349,800 shares during the period. Morgan Stanley increased its stake in Lufax by 83.6% in the third quarter. Morgan Stanley now owns 2,257,553 shares of the company worth $15,759,000 after purchasing an additional 1,028,003 shares during the period. Finally, Verition Fund Management LLC increased its stake in Lufax shares by 91.2% in the 3rd quarter. Verition Fund Management LLC now owns 31,627 shares of the company valued at $221,000 after purchasing an additional 15,086 shares during the period. 24.59% of the shares are currently held by hedge funds and other institutional investors.
About Lufax (Get a rating)
Lufax Holding Ltd operates a personal financial services technology platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore) and Lu International (Hong Kong) to 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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