LexinFintech Holdings (LX) Loses “Buy” Rating

June 13, 2018 - By marketbeat

LexinFintech Holdings (LX) Receives a Downgrade

Goldman Sachs lowered the rating for shares of LexinFintech Holdings (LX) to a”Neutral” from a “Buy”. The rating change was sent to investors and clients in a research report earlier today.

LexinFintech Holdings Ltd. (NASDAQ:LX) Ratings Coverage

Among 2 analysts covering LexinFintech Holdings (LX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. LexinFintech Holdings has $21.8 highest and $21 lowest target. $21.40’s average target is 38.33% above currents $15.47 stock price. LexinFintech Holdings had 2 analyst reports since January 16, 2018 according to SRatingsIntel.

The stock decreased 2.77% or $0.44 during the last trading session, reaching $15.47. About 1.18M shares traded or 209.40% up from the average. LexinFintech Holdings Ltd. (LX) has 0.00% since June 13, 2017 and is . It has underperformed by 12.57% the S&P500.

LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in China. The company has market cap of $2.56 billion. The firm operates Fenqile, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products. It currently has negative earnings. It also matches customer loans with diversified funding sources, including individual investors on its Juzi Licai online investment platform, institutional funding partners in its direct lending programs, and investors of its asset-backed securities.

More news for LexinFintech Holdings Ltd. (NASDAQ:LX) were recently published by: Seekingalpha.com, which released: “LexinFintech’s (LX) CEO Jay Xiao on Q1 2018 Results – Earnings Call Transcript” on May 21, 2018. Seekingalpha.com‘s article titled: “LexinFintech Lockup Expiration A Short Opportunity” and published on June 11, 2018 is yet another important article.

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