Lufax (NYSE:LU) Stock Rating Reaffirmed by Jefferies Financial Group

Lufax (NYSE:LU - Get Free Report)'s stock had its "hold" rating reaffirmed by research analysts at Jefferies Financial Group in a research report issued on Thursday, Marketbeat reports. They presently have a $3.20 price objective on the stock. Jefferies Financial Group's price target suggests a potential upside of 13.48% from the stock's current price.

Separately, Bank of America cut their price target on Lufax from $5.22 to $2.75 and set a "neutral" rating on the stock in a report on Friday, August 23rd.

Lufax Price Performance

NYSE LU traded down $0.07 during trading on Thursday, hitting $2.82. 1,224,676 shares of the company's stock were exchanged, compared to its average volume of 4,163,068. 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 company has a market cap of $1.62 billion, a PE ratio of -20.36 and a beta of 0.85. Lufax has a fifty-two week low of $2.00 and a fifty-two week high of $4.94. The stock's 50 day moving average price is $2.77 and its two-hundred day moving average price is $3.19.

Lufax (NYSE:LU - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.15). Lufax had a negative net margin of 8.70% and a negative return on equity of 2.66%. The firm had revenue of $789.93 million during the quarter. During the same period in the prior year, the company earned $0.04 earnings per share. Research analysts expect that Lufax will post -0.09 EPS for the current year.

Institutional Trading of Lufax

A number of hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. purchased a new position in Lufax in the 2nd quarter worth approximately $26,000. Sequoia Financial Advisors LLC purchased a new position in Lufax in the 1st quarter worth approximately $60,000. SIH Partners LLLP purchased a new position in Lufax in the 2nd quarter worth approximately $65,000. SG Americas Securities LLC purchased a new position in shares of Lufax during the third quarter valued at approximately $66,000. Finally, PDS Planning Inc purchased a new position in shares of Lufax during the first quarter valued at approximately $78,000. Institutional investors own 69.14% of the company's stock.

Lufax Company Profile

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.