Confused? Buy or Sell in volatile market – Analyst report LexinFintech Stock Forecast, Price & News (NASDAQ:LX)

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Earnings results for LexinFintech Stock Forecast, Price & News (NASDAQ:LX)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 999 and increased over the past month from 0.29 to 999(344382.76%). none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 0.55 and decreased over the past month from 1.39 to 0.55(60.43%). none raised and none lowered their forecast.

LexinFintech last released its earnings results on June 4th, 2020. The reported ($3.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by $4.23. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.08 billion. Its revenue for the quarter was up 40.9% compared to the same quarter last year. LexinFintech has generated $1.76 earnings per share over the last year and currently has a price-to-earnings ratio of 9.7. LexinFintech has confirmed that its next quarterly earnings report will be published on Tuesday, August 18th, 2020.

Analyst Opinion on LexinFintech Stock Forecast, Price & News (NASDAQ:LX)

7 Wall Street analysts have issued ratings and price targets for LexinFintech in the last 12 months. Their average twelve-month price target is $15.32, predicting that the stock has a possible upside of 77.27%. The high price target for LX is $22.00 and the low price target for LX is $12.34. There are currently 7 buy ratings for the stock, resulting in a consensus rating of “Buy.”

LexinFintech has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $15.32, LexinFintech has a forecasted upside of 77.3% from its current price of $8.64. LexinFintech has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: LexinFintech Stock Forecast, Price & News (NASDAQ:LX)

LexinFintech does not currently pay a dividend. LexinFintech does not have a long track record of dividend growth.

Insiders buying/selling: LexinFintech Stock Forecast, Price & News (NASDAQ:LX)

In the past three months, LexinFintech insiders have not sold or bought any company stock. Only 24.76% of the stock of LexinFintech is held by institutions.

Earnings and Valuation of LexinFintech Stock Forecast, Price & News (NASDAQ:LX

Earnings for LexinFintech are expected to grow by 438.18% in the coming year, from $0.55 to $2.96 per share. The P/E ratio of LexinFintech is 9.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 17.56. The P/E ratio of LexinFintech is 9.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.59. LexinFintech has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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