Research Analysts Issue Forecasts for OneConnect Financial Technology Co., Ltd.’s FY2022 Earnings (NASDAQ:OCFT)
OneConnect Financial Technology Co., Ltd. (NASDAQ:OCFT) – Research analysts at KeyCorp issued their FY2022 earnings per share (EPS) estimates for OneConnect Financial Technology in a research note issued to investors on Wednesday, November 4th. KeyCorp analyst H. Chung expects that the company will earn $0.01 per share for the year. KeyCorp currently has a “Overweight” rating and a $28.00 target price on the stock.
OneConnect Financial Technology (NASDAQ:OCFT) last released its earnings results on Sunday, November 8th. The company reported ($0.69) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.55).
Other research analysts have also issued reports about the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of OneConnect Financial Technology in a report on Thursday. They issued a “buy” rating and a $28.00 price target for the company. Zacks Investment Research lowered shares of OneConnect Financial Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. JPMorgan Chase & Co. lowered shares of OneConnect Financial Technology from an “overweight” rating to a “neutral” rating and set a $24.00 price target for the company. in a report on Tuesday, July 21st. BidaskClub raised shares of OneConnect Financial Technology from a “hold” rating to a “buy” rating in a report on Thursday, October 29th. Finally, Smith Barney Citigroup began coverage on shares of OneConnect Financial Technology in a report on Thursday. They issued a “buy” rating and a $28.00 price target for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $22.29.
NASDAQ OCFT opened at $23.00 on Friday. OneConnect Financial Technology has a one year low of $9.02 and a one year high of $28.80. The company has a 50-day simple moving average of $20.74 and a 200-day simple moving average of $18.77.
Institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in OneConnect Financial Technology during the 2nd quarter valued at about $54,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of OneConnect Financial Technology in the 2nd quarter worth approximately $221,000. Pendal Group Ltd lifted its stake in shares of OneConnect Financial Technology by 12.0% in the 2nd quarter. Pendal Group Ltd now owns 13,375 shares of the company’s stock worth $244,000 after acquiring an additional 1,434 shares during the period. Advisor Group Holdings Inc. lifted its stake in shares of OneConnect Financial Technology by 932.9% in the 2nd quarter. Advisor Group Holdings Inc. now owns 15,493 shares of the company’s stock worth $283,000 after acquiring an additional 13,993 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of OneConnect Financial Technology by 195.0% in the 1st quarter. Royal Bank of Canada now owns 19,570 shares of the company’s stock worth $199,000 after acquiring an additional 12,936 shares during the period.
About OneConnect Financial Technology
OneConnect Financial Technology Co, Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People’s Republic of China. It offers digital retail banking, small and medium enterprises (SME) financing and services, retail and SME banking risk-management, auto insurance operations and services, asset management, asset-liability management, artificial intelligence customer service, core systems, and insurance sales management solutions.
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