Market Analysts see Lufax Holding Ltd [LU] gaining to $1.50. Time to buy?

Lufax Holding Ltd [NYSE: LU] gained 1.00% or 0.02 points to close at $2.03 with a heavy trading volume of 10213259 shares. The company report on April 14, 2023 that Lufax Holding Ltd Successfully Listed on the Main Board of The Stock Exchange of Hong Kong.

Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU), a leading financial services enabler for small business owners in China, today announced that it has successfully listed, by way of introduction, its ordinary shares (the “Shares”) on the Main Board of The Stock Exchange of Hong Kong Limited (the “HKEX”). The Shares are traded on the Main Board of the HKEX under the stock code “6623” in board lots of 100 Shares, and the stock short name is “LUFAX”. The Company’s American depositary shares (the “ADSs”), every two representing one Share, will continue to be primarily listed and traded on the New York Stock Exchange (the “NYSE”). The Shares listed on the Main Board of the HKEX are fully fungible with the ADSs listed on the NYSE.

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It opened the trading session at $2.01, the shares rose to $2.11 and dropped to $1.99, the range by which the price of stock traded the whole day. The daily chart for LU points out that the company has recorded -5.58% loss over the past six months. However, it is still -61.11% lower than its most recent low trading price.

If we look at the average trading volume of 14.24M shares, LU reached to a volume of 10213259 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Lufax Holding Ltd [LU]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LU shares is $2.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LU stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Macquarie have made an estimate for Lufax Holding Ltd shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on March 14, 2023. While these analysts kept the previous recommendation, Citigroup dropped their target price from $3.52 to $2.04. The new note on the price target was released on March 13, 2023, representing the official price target for Lufax Holding Ltd stock. Previously, the target price had yet another drop from $6.40 to $1.60, while JP Morgan kept a Underweight rating on LU stock.

The Average True Range (ATR) for Lufax Holding Ltd is set at 0.16, with the Price to Sales ratio for LU stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 0.34, with the Price to Cash per share for the same quarter was set at 2.82.

Trading performance analysis for LU stock

Lufax Holding Ltd [LU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.05. With this latest performance, LU shares gained by 7.98% in over the last four-week period, additionally sinking by -5.58% over the last 6 months – not to mention a drop of -63.81% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LU stock in for the last two-week period is set at 49.46, with the RSI for the last a single of trading hit 51.88, and the three-weeks RSI is set at 48.05 for Lufax Holding Ltd [LU]. The present Moving Average for the last 50 days of trading for this stock 2.21, while it was recorded at 1.99 for the last single week of trading, and 2.86 for the last 200 days.

Lufax Holding Ltd [LU]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Lufax Holding Ltd [LU] shares currently have an operating margin of +21.41 and a Gross Margin at +73.84. Lufax Holding Ltd’s Net Margin is presently recorded at +12.56.

Return on Total Capital for LU is now 10.25, given the latest momentum, and Return on Invested Capital for the company is 6.76. Return on Equity for this stock inclined to 9.26, with Return on Assets sitting at 2.43. When it comes to the capital structure of this company, Lufax Holding Ltd [LU] has a Total Debt to Total Equity ratio set at 54.70. Additionally, LU Total Debt to Total Capital is recorded at 35.36, with Total Debt to Total Assets ending up at 15.21. Long-Term Debt to Equity for the company is recorded at 54.70, with the Long-Term Debt to Total Capital now at 35.36.

Receivables Turnover for the company is 3.82 with a Total Asset Turnover recorded at a value of 0.19.

Lufax Holding Ltd [LU]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lufax Holding Ltd go to 0.10%.

An analysis of insider ownership at Lufax Holding Ltd [LU]

There are presently around $840 million, or 16.60% of LU stock, in the hands of institutional investors. The top three institutional holders of LU stocks are: FARALLON CAPITAL MANAGEMENT LLC with ownership of 38,436,399, which is approximately 87.162% of the company’s market cap and around 4.24% of the total institutional ownership; BLACKROCK INC., holding 34,829,947 shares of the stock with an approximate value of $70.7 million in LU stocks shares; and KRANE FUNDS ADVISORS LLC, currently with $68.38 million in LU stock with ownership of nearly 16.942% of the company’s market capitalization.

Positions in Lufax Holding Ltd stocks held by institutional investors increased at the end of Monday and at the time of the Monday reporting period, where 102 institutional holders increased their position in Lufax Holding Ltd [NYSE:LU] by around 110,937,007 shares. Additionally, 58 investors decreased positions by around 49,912,157 shares, while 27 investors held positions by with 252,840,565 shares. The mentioned changes placed institutional holdings at 413,689,729 shares, according to the latest SEC report filing. LU stock had 35 new institutional investments in for a total of 27,135,027 shares, while 21 institutional investors sold positions of 3,699,819 shares during the same period.


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