Brokerages Set $29.00 Price Target for 360 Finance Inc (NASDAQ:QFIN)

Shares of 360 Finance Inc (NASDAQ:QFIN) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price target of $29.00 for the company, according to Zacks. Zacks has also assigned 360 Finance an industry rank of 171 out of 256 based on the ratings given to related companies.

Several equities research analysts have recently commented on the company. China Renaissance Securities assumed coverage on 360 Finance in a report on Tuesday, May 14th. They issued a “buy” rating and a $29.00 price objective for the company. Citigroup raised China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a report on Tuesday, May 14th.

A number of institutional investors have recently made changes to their positions in the business. FMR LLC lifted its holdings in 360 Finance by 3.6% during the 1st quarter. FMR LLC now owns 1,061,095 shares of the company’s stock valued at $16,447,000 after purchasing an additional 37,295 shares during the last quarter. Millennium Management LLC acquired a new stake in 360 Finance during the 4th quarter valued at $659,000. Finally, Citigroup Inc. acquired a new stake in 360 Finance during the 4th quarter valued at $112,000. 0.76% of the stock is owned by institutional investors and hedge funds.

NASDAQ QFIN opened at $11.26 on Tuesday. 360 Finance has a 12 month low of $9.90 and a 12 month high of $24.45. The firm has a 50 day moving average of $13.53.

360 Finance (NASDAQ:QFIN) last released its quarterly earnings data on Monday, May 20th. The company reported $0.72 EPS for the quarter. The company had revenue of $299.35 million during the quarter.

About 360 Finance

360 Finance, Inc operates a digital consumer finance platform in China. Its platform provides online consumer finance products to prime and underserved borrowers. The company was founded in 2016 and is headquartered in Shanghai, China.

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