Equities researchers at Daiwa Capital Markets started coverage on shares of Lufax (NYSE:LU – Get Rating) in a report issued on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.
Separately, CICC Research initiated coverage on Lufax in a report on Monday, May 9th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.45.
Lufax Stock Performance
Shares of LU stock opened at $4.79 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. Lufax has a fifty-two week low of $4.09 and a fifty-two week high of $9.11. The stock has a 50 day moving average price of $5.87 and a two-hundred day moving average price of $5.64. The company has a market capitalization of $10.95 billion, a P/E ratio of 4.44, a PEG ratio of 0.48 and a beta of -0.01.
Lufax (NYSE:LU – Get Rating) last announced its quarterly earnings data on Wednesday, May 25th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Lufax had a return on equity of 18.65% and a net margin of 26.75%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. Analysts expect that Lufax will post 0.96 earnings per share for the current year.
Institutional Investors Weigh In On Lufax
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in LU. JBF Capital Inc. grew its stake in shares of Lufax by 4.0% in the first quarter. JBF Capital Inc. now owns 65,000 shares of the company’s stock worth $362,000 after acquiring an additional 2,500 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Lufax by 2.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 111,871 shares of the company’s stock valued at $623,000 after buying an additional 2,871 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Lufax by 30.4% during the first quarter. Van ECK Associates Corp now owns 14,864 shares of the company’s stock valued at $83,000 after buying an additional 3,465 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Lufax by 1,344.9% during the first quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock valued at $31,000 after buying an additional 5,299 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Lufax by 54.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,837 shares of the company’s stock valued at $113,000 after buying an additional 6,677 shares during the last quarter. 24.59% of the stock is owned by hedge funds and other institutional investors.
Lufax Company Profile
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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