JPMorgan Chase & Co. Upgrades Uxin (UXIN) to “Overweight”

JPMorgan Chase & Co. upgraded shares of Uxin (NASDAQ:UXIN) from a neutral rating to an overweight rating in a research note published on Thursday morning, MarketBeat Ratings reports. The firm currently has $7.00 target price on the stock, down from their previous target price of $7.40.

Several other research firms have also weighed in on UXIN. Goldman Sachs Group lowered shares of Uxin from a buy rating to a neutral rating and upped their price objective for the company from $9.10 to $9.30 in a research note on Friday, December 21st. Zacks Investment Research upgraded shares of Uxin from a hold rating to a buy rating and set a $5.00 price objective on the stock in a research note on Friday, November 23rd.

Uxin stock opened at $3.71 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.24. Uxin has a twelve month low of $2.81 and a twelve month high of $10.49.

Uxin (NASDAQ:UXIN) last released its quarterly earnings data on Monday, November 19th. The company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.06). The business had revenue of $125.55 million for the quarter. Equities analysts anticipate that Uxin will post -0.82 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. acquired a new position in Uxin in the 3rd quarter valued at approximately $193,000. Federated Investors Inc. PA bought a new stake in Uxin in the second quarter worth approximately $2,170,000. California Public Employees Retirement System bought a new stake in Uxin in the second quarter worth approximately $904,000. FMR LLC bought a new stake in Uxin in the second quarter worth approximately $21,340,000. Finally, Millennium Management LLC bought a new stake in Uxin in the second quarter worth approximately $5,807,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Uxin Company Profile

Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.

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