Lufax Holding Ltd (NYSE:LU) Receives Consensus “Hold” Recommendation From Analysts
Shares of Lufax Holding Ltd (NYSE:LU – Get Rating) have been given an average rating of “Hold” by the six brokerages that currently cover the stock, MarketBeat.com reports. Four analysts rated the stock with a hold recommendation and two gave the company a buy recommendation. The 12-month average target price among brokerages that have covered the stock over the past year is $8.45.
A number of research companies have weighed in on LU recently. 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 began covering Lufax in a research note on Monday, May 9. They set an “outperform” rating for the company. Finally, Zacks Investment Research downgraded Lufax from a “buy” rating to a “hold” rating in a research rating on Tuesday.
NYSE LU shares opened at $6.26 on Tuesday. Lufax has a 12-month low of $4.09 and a 12-month high of $13.04. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt ratio of 0.12. The company has a market capitalization of $14.31 billion, a price/earnings ratio of 5.80, a PEG ratio of 0.52 and a beta of -0.02. The company has a 50-day moving average of $5.68 and a 200-day moving average of $5.72.
Lufax (NYSE:LU – Get Rating) last released its quarterly earnings data on Wednesday, May 25. The company reported EPS 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 last year, the company earned earnings per share of $0.30. On average, analysts predict Lufax will post 1.16 earnings per share for the current year.
The company also recently announced an annual dividend, which was paid on Friday, April 15. Investors of record on Friday, April 8 received a dividend of $0.68 per share. The ex-dividend date was Thursday, April 7. Lufax’s dividend payout ratio is currently 29.63%.
Several institutional investors have recently changed their positions in LU. BlackRock Inc. increased its holdings of Lufax shares by 1,298.8% in the first quarter. BlackRock Inc. now owns 28,468,748 shares of the company valued at $158,571,000 after acquiring an additional 26,433,557 shares in the last quarter. Capital Research Global Investors increased its holdings in Lufax by 39.6% in the third quarter. Capital Research Global Investors now owns 55,596,483 shares of the company worth $388,063,000 after purchasing an additional 15,765,291 shares in the last quarter. Capital World Investors increased its stake in Lufax by 38.8% in the third quarter. Capital World Investors now owns 53,365,330 shares of the company worth $372,490,000 after purchasing an additional 14,913,603 shares in the last quarter. State Street Corp increased its stake in Lufax by 260.0% in the first quarter. State Street Corp now owns 10,097,656 shares of the company worth $56,243,000 after purchasing an additional 7,292,397 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in Lufax by 34.6% in the fourth quarter. Baillie Gifford & Co. now owns 26,496,135 shares of the company worth $149,173,000 after purchasing an additional 6,812,317 shares in the last quarter. Institutional investors hold 24.59% of the company’s shares.
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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