LendingClub Corp (NYSE: LC) has reported earnings for its third fiscal quarter (ending September 30) of $0.13 versus $0.05 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $0.46 versus $0.49 for the same period a year ago.
Recent Price Action
LendingClub Corp (NYSE: LC) stock rose modestly by 0.5% on 10/23/24. The stock closed at $12.46. Moreover, trading volume in this advance was unusually high at 199% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -6.1% during the last week.
Current PriceTarget Research Rating
LC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
LendingClub has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. LendingClub has a neutral Appreciation Score of 56 but a very high Power Rating of 95, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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