ValuEngine cut shares of Qudian (NYSE:QD) from a hold rating to a sell rating in a report issued on Thursday.
Other equities research analysts have also issued research reports about the stock. Needham & Company LLC lowered shares of Qudian from a buy rating to a hold rating in a research note on Wednesday, August 29th. Zacks Investment Research raised shares of Qudian from a strong sell rating to a hold rating in a research note on Wednesday, July 25th. Sanford C. Bernstein lowered shares of Qudian from an outperform rating to a market perform rating and set a $7.00 price objective on the stock. in a research note on Thursday, August 23rd. Finally, Macquarie lowered shares of Qudian from an outperform rating to a neutral rating and set a $36.00 price objective on the stock. in a research note on Monday, August 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $21.20.
NYSE:QD traded up $0.02 during mid-day trading on Thursday, hitting $4.67. 1,844,800 shares of the company’s stock were exchanged, compared to its average volume of 2,541,616. Qudian has a one year low of $4.00 and a one year high of $29.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market capitalization of $1.35 billion and a P/E ratio of 4.36.
Qudian (NYSE:QD) last posted its quarterly earnings data on Friday, August 24th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Qudian had a net margin of 32.13% and a return on equity of 36.88%. The business had revenue of $339.07 million for the quarter.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in Qudian by 67.5% during the second quarter. BlackRock Inc. now owns 1,985,840 shares of the company’s stock valued at $17,595,000 after purchasing an additional 800,091 shares during the period. Federated Investors Inc. PA lifted its position in Qudian by 40.8% during the second quarter. Federated Investors Inc. PA now owns 1,155,185 shares of the company’s stock valued at $10,235,000 after purchasing an additional 334,985 shares during the period. Handelsbanken Fonder AB lifted its position in Qudian by 122.2% during the third quarter. Handelsbanken Fonder AB now owns 600,000 shares of the company’s stock valued at $3,126,000 after purchasing an additional 330,000 shares during the period. First Trust Advisors LP bought a new position in Qudian during the second quarter valued at approximately $2,983,000. Finally, Greenwoods Asset Management Ltd bought a new position in Qudian during the second quarter valued at approximately $1,072,000. Hedge funds and other institutional investors own 5.42% of the company’s stock.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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