Lufax’s (LU) Hold Rating Reaffirmed at Jefferies Financial Group

Lufax (NYSE:LU)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a report issued on Thursday, Benzinga reports. They presently have a $3.20 target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 10.34% from the stock’s previous close.

Separately, Bank of America decreased their price target on shares of Lufax from $5.22 to $2.75 and set a “neutral” rating for the company in a research report on Friday, August 23rd.

Lufax Trading Down 4.9 %

NYSE LU opened at $2.90 on Thursday. The company’s 50-day moving average price is $2.77 and its 200-day moving average price is $3.19. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.66 billion, a PE ratio of -20.71 and a beta of 0.85. Lufax has a 12 month low of $2.00 and a 12 month high of $4.94.

Lufax (NYSE:LU) last posted its quarterly earnings results on Monday, October 21st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). Lufax had a negative return on equity of 2.66% and a negative net margin of 8.70%. The company had revenue of $789.93 million during the quarter. During the same quarter in the previous year, the firm posted $0.04 EPS. Equities research analysts forecast that Lufax will post -0.09 earnings per share for the current year.

Institutional Trading of Lufax

Hedge funds have recently modified their holdings of the company. Panagora Asset Management Inc. purchased a new position in shares of Lufax in the 2nd quarter valued at approximately $26,000. Sequoia Financial Advisors LLC purchased a new position in shares of Lufax in the 1st quarter valued at approximately $60,000. PDS Planning Inc purchased a new position in shares of Lufax in the 1st quarter valued at approximately $78,000. SG Americas Securities LLC purchased a new position in shares of Lufax in the 3rd quarter valued at approximately $66,000. Finally, Diversified Trust Co purchased a new position in shares of Lufax in the 1st quarter valued at approximately $92,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

About Lufax

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.