The shares of LendingClub Corporation (NYSE:LC) has been pegged with a rating of Equal-Weight by Morgan Stanley in its latest research note that was published on July 19th, 2018. Morgan Stanley wasnâ€™t the only research firm that published a report of LendingClub Corporation, with other equities research analysts also giving their opinion on the stock. Guggenheim advised investors in its research note published on February 23rd, 2018, to Neutral the LC stock. The stock had earned Buy rating from Maxim Group when it published its report on December 11th, 2017. That day the Maxim Group set price target on the stock to $6. The stock was given Hold rating by Stifel in its report released on December 8th, 2017, the day when the price target on the stock was placed at $4.50. Needham was of a view that LC is Buy in its latest report on December 8th, 2017 while giving it a price target of $6. Maxim Group thinks that LC is worth Buy rating. This was contained in the firmâ€™s report on November 7th, 2017 in which the stockâ€™s price target was also moved to $8.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $4.28. The price of the stock the last time has raised by 35.37% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 58.22.
The shares of the company added by 2.46% during the trading session on Tuesday, reaching a low of $3.21 while ending the day at $3.33. During the trading session, a total of 2.95 million shares were traded which represents a -41.8% decline from the average session volume which is 2.08M shares. LC had ended its last session trading at 3.25. LendingClub Corporation currently has a market cap of $1.40B while its P/E earnings growth sits at 1.30, with a beta of 1.67. LendingClub Corporation debt-to-equity ratio currently stands at 0.82, while its quick ratio hovers at . LC 52-week low price stands at $2.46 while its 52-week high price is $4.55.
The company in its last quarterly report recorded $0.03 earnings per share which is above the $0.02 predicted by most analysts. The LendingClub Corporation generated $181.52 million in revenue during the last quarter, which is slightly lower than the $181.86 million predicted by analysts. In the second quarter last year, the firm recorded $0.03 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was down by 0%. LendingClub Corporation has the potential to record -0.30 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Credit Suisse published a research note on March 20th, 2019 where it informed investors and clients that MGM Growth Properties LLC (NYSE:MGP) is now rated as Neutral. Their price target on the stock stands at $31. Guggenheim also rated MGP as Downgrade on February 23rd, 2018, with its price target of $88 suggesting that MGP could surge by 3.42% from its current share price. Even though the stock has been trading at $33.04/share, analysts expect it to surge higher by -1.85% to reach $33.58/share. It started the day trading at $33.30 and traded between $32.24 and $32.43 throughout the trading session.
A look at its technical shows that MGPâ€™s 50-day SMA is 31.32 while its 200-day SMA stands at 29.59. The stock has a high of $33.08 for the year while the low is $25.50. The companyâ€™s P/E ratio currently sits at 34.43, while the P/B ratio is 1.47. At the moment, only of MGM Growth Properties LLC shares were sold short. The companyâ€™s average trading volume currently stands at 876.72K shares, which means that the short-interest ratio is just 3.63 days. Over the past seven days, the company moved, with its shift of 0.68%. Looking further, the stock has raised 13.39% over the past 90 days while it gained 16.78% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. Barrow Hanley Mewhinney Strau sold more MGP shares, decreasing its portfolio by -6.39% during the last quarter. This move now sees Barrow Hanley Mewhinney Strau selling -609,471 shares in the last quarter, thus it now holds 8,921,257 shares of MGP, with a total valuation of $287,710,538. Brookfield Public Securities Grou meanwhile bought more MGP shares in the recently filed quarter, changing its stake to $191,352,150 worth of shares. Capital Research Management Co followed the path by decreasing its MGP portfolio by -24.05% in the quarter. This means that Capital Research Management Co sold -1,662,587 shares in the last quarter and now controls 5,251,200 shares of the MGP stock, with the valuation hitting $169,351,200.
Similarly, American Century Investment Manag increased its MGM Growth Properties LLC shares by +8.51% during the recently filed quarter. After buying 315,403 shares in the last quarter, the firm now controls 4,020,288 shares of MGM Growth Properties LLC which are valued at $129,654,288. In the same vein, Kayne Anderson Rudnick Investment decreased its MGM Growth Properties LLC shares by during the most recent reported quarter. The firm sold -45,267 shares during the quarter which decreased its stakes to 3,851,283 shares and is now valued at $124,203,877. Following these latest developments, around 0.41% of MGM Growth Properties LLC stocks are owned by institutional investors and hedge funds.