Qudian Inc – (NYSE:QD) has been given an average recommendation of “Hold” by the eleven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $23.25.
A number of equities analysts have issued reports on the company. ValuEngine downgraded Qudian from a “hold” rating to a “sell” rating in a research note on Thursday. Sanford C. Bernstein downgraded Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 price target for the company. in a research note on Thursday, August 23rd. Macquarie downgraded Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Monday, August 27th. Needham & Company LLC downgraded Qudian from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Finally, Zacks Investment Research upgraded Qudian from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 25th.
Institutional investors have recently bought and sold shares of the business. Sei Investments Co. bought a new position in shares of Qudian during the 1st quarter worth approximately $137,000. Guggenheim Capital LLC bought a new position in shares of Qudian during the 1st quarter worth approximately $163,000. Cubist Systematic Strategies LLC bought a new position in shares of Qudian during the 2nd quarter worth approximately $164,000. Global X Management Co LLC bought a new position in shares of Qudian during the 2nd quarter worth approximately $229,000. Finally, Engineers Gate Manager LP bought a new position in shares of Qudian during the 2nd quarter worth approximately $365,000. 5.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of QD traded down $0.01 during trading hours on Wednesday, hitting $4.66. The stock had a trading volume of 20,193 shares, compared to its average volume of 1,916,127. 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 company has a market cap of $1.54 billion and a PE ratio of 4.28. Qudian has a 1-year low of $4.00 and a 1-year high of $29.30.
Qudian (NYSE:QD) last issued its earnings results on Friday, August 24th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The company had revenue of $339.07 million during the quarter. Qudian had a return on equity of 36.88% and a net margin of 32.13%.
Qudian Company Profile
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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