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NYSE:LU

Lufax (LU) Stock Price, News & Analysis

Lufax logo
$2.35 +0.01 (+0.43%)
(As of 11/22/2024 ET)

About Lufax Stock (NYSE:LU)

Key Stats

Today's Range
$2.25
$2.35
50-Day Range
$2.20
$4.15
52-Week Range
$2.00
$4.94
Volume
1.09 million shs
Average Volume
2.36 million shs
Market Capitalization
$2.04 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$3.58
Consensus Rating
Hold

Company Overview

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. The company was founded in 2005 and is headquartered in Shanghai, China.

Lufax Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
65th Percentile Overall Score

LU MarketRank™: 

Lufax scored higher than 65% of companies evaluated by MarketBeat, and ranked 520th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Lufax has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Lufax has only been the subject of 1 research reports in the past 90 days.

  • Read more about Lufax's stock forecast and price target.
  • Earnings Growth

    Earnings for Lufax are expected to grow in the coming year, from ($0.48) to $0.22 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Lufax is -3.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Lufax is -3.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Lufax has a P/B Ratio of 0.17. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Lufax's valuation and earnings.
  • Percentage of Shares Shorted

    0.64% of the float of Lufax has been sold short.
  • Short Interest Ratio / Days to Cover

    Lufax has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Lufax has recently decreased by 25.18%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Lufax does not currently pay a dividend.

  • Dividend Growth

    Lufax does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, Lufax will have a dividend payout ratio of 54.55% next year. This indicates that Lufax will be able to sustain or increase its dividend.

  • Read more about Lufax's dividend.
  • Percentage of Shares Shorted

    0.64% of the float of Lufax has been sold short.
  • Short Interest Ratio / Days to Cover

    Lufax has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Lufax has recently decreased by 25.18%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Lufax has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.83 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Lufax this week, compared to 3 articles on an average week.
  • Search Interest

    Only 3 people have searched for LU on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Lufax to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Lufax insiders have not sold or bought any company stock.

  • Percentage Held by Institutions

    69.14% of the stock of Lufax is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Lufax's insider trading history.
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LU Stock News Headlines

Lufax Co-CEO Gregory Dean Gibb Steps Down
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Discover the coin set to explode before 2025! Trump could trigger THIS crypto coin…
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Lufax Holding Reports Share Increase and Fundraising
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Lufax reinstated with a Hold at Jefferies
J.P. Morgan Sticks to Their Sell Rating for Lufax Holding (LU)
See More Headlines

LU Stock Analysis - Frequently Asked Questions

Lufax's stock was trading at $3.07 on January 1st, 2024. Since then, LU shares have decreased by 23.5% and is now trading at $2.35.
View the best growth stocks for 2024 here
.

Lufax Holding Ltd (NYSE:LU) posted its quarterly earnings results on Monday, October, 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by $0.15. The firm had revenue of $789.93 million for the quarter. Lufax had a negative trailing twelve-month return on equity of 3.63% and a negative net margin of 12.75%.

Lufax's stock reverse split on the morning of Monday, December 18th 2023. The 1-4 reverse split was announced on Monday, November 20th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Friday, December 15th 2023. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

The following companies are subsidiaries of Lufax: Chongqing Jin An Microloan Limited, Gem Alliance Limited, Gem Blazing Limited, Harmonious Splendor Limited, Hunan Ping An Puhui Microloan Co. Ltd., Jinjiong (Shenzhen) Technology Service Limited, Lufax Holding (Shenzhen) Technology Service Co. Ltd., and others.

Lufax (LU) raised $2.2 billion in an initial public offering on Friday, October 30th 2020. The company issued 175,000,000 shares at a price of $11.50-$13.50 per share. Goldman Sachs (Asia), BofA Securities, UBS Investment Bank, HSBC, China PA Securities (Hong Kong) Co., Morgan Stanley, CLSA and Jefferies served as the underwriters for the IPO and J.P. Morgan, BOCI, Haitong International, Stifel, China Renaissance and KeyBanc Capital Markets were co-managers.

Lufax's top institutional shareholders include Baillie Gifford & Co. (1.69%), Krane Funds Advisors LLC (1.45%), State Street Corp (0.57%) and Charles Schwab Investment Management Inc. (0.36%).

Shares of LU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Lufax investors own include Tesla (TSLA), Meta Platforms (META), Alibaba Group (BABA), NIO (NIO), NVIDIA (NVDA), PayPal (PYPL) and Palantir Technologies (PLTR).

Company Calendar

Last Earnings
10/21/2024
Today
11/23/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/20/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
Banking
Fax
N/A
Employees
36,215
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$3.58
High Stock Price Target
$4.80
Low Stock Price Target
$2.75
Potential Upside/Downside
+53.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$125.31 million
Pretax Margin
-6.86%

Debt

Sales & Book Value

Annual Sales
$4.82 billion
Cash Flow
$0.36 per share
Book Value
$14.20 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.02 billion
Optionable
Optionable
Beta
0.90
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This page (NYSE:LU) was last updated on 11/23/2024 by MarketBeat.com Staff
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