LendingClub Corporation (LC) Receives ‘Analyst’ Rating

LendingClub Corporation (LC) : The consensus on LendingClub Corporation (LC) based on 11 analyst recommendation on the company stock is 3.18, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

LendingClub Corporation (LC) : Average target price received by LendingClub Corporation (LC) is $5.7 with an expected standard deviation of $3.13. The most aggressive target on the stock is $11, whereas the most downbeat target is $2. 7 financial analysts are currently covering the stock.


Also, In a research note released to the investors, Credit Suisse maintains its rating on LendingClub Corporation (NYSE:LC).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Credit Suisse lowers the new price target from $9 per share to $7 per share. The rating by the firm was issued on August 9, 2016.

LendingClub Corporation (NYSE:LC): After opening at $5.75, the stock dipped to an intraday low of $5.74 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.2537 and the buying power remained strong till the end. The stock closed at $6.17 for the day, a gain of 7.30% for the day session. The total traded volume was 16,866,568. The stocks close on the previous trading day was $5.75.

LendingClub Corporation (Lending Club) is engaged in providing online marketplace for connecting borrowers and investors. The Companys online marketplace connects borrowers. Lending Clubs marketplace allows borrowers and investors to engage in transactions relating to standard or custom program loans. The Companys standard program loans are a part of the standard loan program. The standard program loans are three- or five-year unsecured personal loans which are offered to borrowers. These loans can be invested in through the purchase of notes issued pursuant to a Note Registration Statement, and are available through the Companys Website. The custom program loans include small business loans, super prime consumer loans, education and patient finance loans and personal loans. The Companys technology platform supports its marketplace and makes available loan products to investor channels.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.