What Can Investors Expect From LexinFintech (LX) Shares After Morgan Stanley’s New Coverage?

How Morgan Stanley Currently Rates LexinFintech (LX)

The financial firm Morgan Stanley has initiated coverage on LexinFintech (LX)‘s stock, rating it Equal-Weight. This was issued to clients in an analyst note on Tuesday morning.

LexinFintech Holdings Ltd. (NASDAQ:LX) Ratings Coverage

Among 2 analysts covering LexinFintech Holdings (LX), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. LexinFintech Holdings had 2 analyst reports since June 13, 2018 according to SRatingsIntel. The rating was downgraded by Goldman Sachs on Wednesday, June 13 to “Neutral”. Bank of America maintained the stock with “Buy” rating in Monday, August 27 report.

The stock decreased 12.08% or $0.91 during the last trading session, reaching $6.62. About 914,839 shares traded or 141.25% up from the average. LexinFintech Holdings Ltd. (LX) has 0.00% since December 12, 2017 and is . It has by 0.00% the S&P500.

LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer finance platform for young adults in China. The company has market cap of $1.10 billion. The firm operates Fenqile, an online consumer finance platform that offers personal installment loans, installment purchase loans, and other loan products. It has a 7.13 P/E ratio. It also matches customer loans with diversified funding sources, including individual investors on its Juzi Licai online investment platform, institutional funding partners in its direct lending programs, and investors of its asset-backed securities.

More notable recent LexinFintech Holdings Ltd. (NASDAQ:LX) news were published by: Seekingalpha.com which released: “Consumer Capital Files For $40 Million Nasdaq IPO – Seeking Alpha” on March 15, 2018, also Nasdaq.com with their article: “Luminex (LMNX) Misses on Earnings in Q2, Margins Contract – Nasdaq” published on August 07, 2018, Cnbc.com published: “Chinese consumers aren’t spending as much. Many are worried about the future – CNBC” on November 21, 2018. More interesting news about LexinFintech Holdings Ltd. (NASDAQ:LX) were released by: Globenewswire.com and their article: “LexinFintech Holdings Ltd. Reports Second Quarter 2018 Unaudited Financial Results – GlobeNewswire” published on August 23, 2018 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Tech Giants In The Spotlight – Seeking Alpha” with publication date: January 27, 2018.

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