Lufax Holding Ltd (NYSE:LU) Receives Average Recommendation of “Hold” from Analysts

Shares of Lufax Holding Ltd (NYSE:LUGet Rating) have been given a consensus recommendation of “Hold” by the six research firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $9.76.

A number of research firms recently issued reports on LU. Macquarie downgraded shares of Lufax from an “outperform” rating to a “neutral” rating and set a $5.00 target price for the company. in a research report on Wednesday, March 9th. Zacks Investment Research downgraded shares of Lufax from a “buy” rating to a “hold” rating in a research report on Thursday, March 17th.

Shares of LU traded down $0.05 during trading hours on Monday, reaching $5.41. 4,249,487 shares of the company traded hands, compared to its average volume of 10,605,898. The stock has a market capitalization of $13.32 billion, a P/E ratio of 5.20, a P/E/G ratio of 0.28 and a beta of 0.30. Lufax has a 12-month low of $4.09 and a 12-month high of $14.44. The business has a fifty day moving average price of $5.91 and a 200-day moving average price of $6.00.

Lufax (NYSE:LUGet Rating) last announced its quarterly earnings data on Wednesday, March 9th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Lufax had a net margin of 27.08% and a return on equity of 18.93%. During the same quarter in the previous year, the business earned $0.19 EPS. On average, analysts anticipate that Lufax will post 1.23 EPS for the current fiscal year.

The firm also recently announced an annual dividend, which was paid on Friday, April 15th. Investors of record on Friday, April 8th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Thursday, April 7th. Lufax’s dividend payout ratio is presently 30.77%.

Several institutional investors have recently modified their holdings of the business. IFM Investors Pty Ltd acquired a new position in shares of Lufax in the first quarter worth about $130,000. Redpoint Investment Management Pty Ltd acquired a new position in shares of Lufax in the first quarter worth about $148,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Lufax in the first quarter worth about $1,994,000. Norges Bank acquired a new position in shares of Lufax in the fourth quarter worth about $15,481,000. Finally, JustInvest LLC acquired a new position in shares of Lufax in the fourth quarter worth about $85,000. Institutional investors and hedge funds own 24.30% of the company’s stock.

Lufax Company Profile (Get Rating)

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance 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 offers small business owners with lending solutions; and technology empowerment solutions for financial institutions.

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Analyst Recommendations for Lufax (NYSE:LU)

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