Stock Rating Downgrade
The Value Trend Rating for LendingClub Corp (NYSE: LC) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
LendingClub Corp (NYSE: LC) stock declined slightly by -0.5% on 12/15/23. The stock closed at $8.30. Moreover, trading volume in this decline was exceptionally high at 322% of normal. Relative to the market the stock has been weak over the last nine months but has risen 21.5% during the last week.
Current PriceTarget Research Rating
LC is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
LendingClub has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. LendingClub has a neutral Appreciation Score of 58 but a poor Power Rating of 23, and the Negative Value Trend Rating results.
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