Leju Holdings Ltd Stock Rating Reaffirmed by Macquarie (LEJU)
Leju Holdings Ltd (NASDAQ:LEJU)‘s stock had its “outperform” rating reissued by Macquarie in a research note issued on Thursday. They currently have a $22.00 target price on the stock, up from their previous target price of $16.00. Macquarie’s price target would indicate a potential upside of 34.56% from the stock’s previous close.
Leju Holdings Ltd (NASDAQ:LEJU) traded down 3.98% on Thursday, hitting $15.70. 464,740 shares of the company’s stock traded hands. Leju Holdings Ltd has a 1-year low of $8.01 and a 1-year high of $16.721. The stock has a 50-day moving average of $12.81 and a 200-day moving average of $11.68. The company has a market cap of $2.920 billion and a price-to-earnings ratio of 36.41.
Leju Holdings Ltd (NASDAQ:LEJU) last announced its earnings results on Wednesday, August 20th. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.01. The company had revenue of $117.40 million for the quarter, compared to the consensus estimate of $113.78 million. Leju Holdings Ltd’s revenue was up 63.3% compared to the same quarter last year. On average, analysts predict that Leju Holdings Ltd will post $0.74 earnings per share for the current fiscal year.
Separately, analysts at Goldman Sachs initiated coverage on shares of Leju Holdings Ltd in a research note on Friday, May 23rd. They set a “buy” rating on the stock.
Leju Holdings Limited is an online-to-offline (NASDAQ:LEJU), real estate services provider in China.