Qudian Inc – (QD) Given Average Rating of “Hold” by Analysts

Shares of Qudian Inc – (NYSE:QD) have been given a consensus rating of “Hold” by the eleven analysts that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.25.

A number of analysts have issued reports on the company. Zacks Investment Research raised Qudian from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Needham & Company LLC lowered Qudian from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Macquarie lowered Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research note on Monday, August 27th. Finally, Sanford C. Bernstein lowered Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 price target on the stock. in a research note on Thursday, August 23rd.

NYSE:QD traded up $0.25 during mid-day trading on Friday, reaching $4.59. The company’s stock had a trading volume of 2,714,007 shares, compared to its average volume of 2,610,096. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.03. Qudian has a twelve month low of $4.07 and a twelve month high of $35.45. The firm has a market cap of $1.72 billion and a price-to-earnings ratio of 4.21.

Qudian (NYSE:QD) last issued its quarterly earnings results on Friday, August 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. Qudian had a return on equity of 36.88% and a net margin of 32.13%. The firm had revenue of $339.07 million for the quarter. As a group, research analysts forecast that Qudian will post 1.04 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. purchased a new position in shares of Qudian in the 1st quarter worth about $137,000. Financial Gravity Wealth Inc. purchased a new position in shares of Qudian in the 1st quarter worth about $138,000. Guggenheim Capital LLC purchased a new position in shares of Qudian in the 1st quarter worth about $163,000. Cubist Systematic Strategies LLC purchased a new position in shares of Qudian in the 2nd quarter worth about $164,000. Finally, Global X Management Co LLC purchased a new position in shares of Qudian in the 2nd quarter worth about $229,000. Institutional investors own 5.26% of the company’s stock.

About Qudian

Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers cash credit products, such as cash short-term unsecured lines of credit, which are distributed in digital form; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis, as well as budget auto financing products.

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Analyst Recommendations for Qudian (NYSE:QD)

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