initiated coverage on shares of Qudian (NYSE:QD) in a research note released on Wednesday, November 15th. The firm issued a buy rating and a $35.00 price objective on the stock.
Several other equities analysts also recently issued reports on QD. Citigroup began coverage on shares of Qudian in a report on Tuesday, November 14th. They set a buy rating for the company. Stifel Nicolaus initiated coverage on shares of Qudian in a research note on Wednesday, November 15th. They issued a buy rating and a $35.00 target price for the company. Macquarie initiated coverage on shares of Qudian in a research note on Tuesday, November 14th. They set an outperform rating and a $36.00 price target for the company. Credit Suisse Group initiated coverage on shares of Qudian in a research note on Monday, November 13th. They set an outperform rating for the company. Finally, Sanford C. Bernstein initiated coverage on shares of Qudian in a research note on Thursday, October 19th. They set an outperform rating for the company. Eight investment analysts have rated the stock with a buy rating, Qudian has a consensus rating of Buy and a consensus target price of $27.00.
Qudian (QD) traded down $1.33 during midday trading on Wednesday, reaching $12.45. 8,613,289 shares of the company’s stock traded hands, compared to its average volume of 8,599,394. Qudian has a 52 week low of $12.03 and a 52 week high of $35.45.
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Qudian Inc provides cash credit products, which provide funds in digital form, and merchandise credit products. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds.
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