Stifel Nicolaus cut shares of Qudian (NYSE:QD) from a buy rating to a hold rating in a research note released on Friday, Marketbeat reports. Stifel Nicolaus currently has $15.00 target price on the stock.
QD has been the topic of several other reports. Needham & Company LLC started coverage on Qudian in a research note on Monday, November 20th. They issued a buy rating and a $30.00 target price on the stock. Sanford C. Bernstein started coverage on Qudian in a research note on Thursday, October 19th. They issued an outperform rating on the stock. Morgan Stanley started coverage on Qudian in a research note on Wednesday, November 15th. They issued a weight rating on the stock. ValuEngine upgraded Qudian from a hold rating to a buy rating in a research note on Monday, November 20th. Finally, Macquarie started coverage on Qudian in a research note on Tuesday, November 14th. They issued an outperform rating and a $36.00 target price on the stock. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $23.50.
Qudian (NYSE:QD) opened at $13.77 on Friday. The stock has a market capitalization of $4,540.00 and a P/E ratio of 14.97. The company has a debt-to-equity ratio of -0.14, a quick ratio of 1.39 and a current ratio of 1.39. Qudian has a 12 month low of $11.33 and a 12 month high of $35.45.
Qudian (NYSE:QD) last released its quarterly earnings results on Monday, November 13th. The company reported $0.33 earnings per share (EPS) for the quarter. analysts expect that Qudian will post 1.03 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Qudian stock. Copper Rock Capital Partners LLC purchased a new stake in Qudian Inc – (NYSE:QD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 244,367 shares of the company’s stock, valued at approximately $3,033,000. Copper Rock Capital Partners LLC owned 0.07% of Qudian at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.08% of the company’s stock.
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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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