Needham & Company LLC reiterated their hold rating on shares of Qudian (NYSE:QD) in a report released on Sunday, AnalystRatings.com reports.
Several other analysts have also commented on the company. Macquarie lowered Qudian from a neutral rating to an underperform rating and set a $4.00 price objective for the company. in a report on Wednesday, November 20th. Zacks Investment Research raised Qudian from a strong sell rating to a hold rating in a research report on Wednesday, January 8th. BOCOM International assumed coverage on Qudian in a research report on Thursday, October 10th. They issued a neutral rating and a $6.82 target price on the stock. ValuEngine downgraded Qudian from a hold rating to a sell rating in a research note on Friday, January 3rd. Finally, TheStreet lowered shares of Qudian from a c- rating to a d rating in a research report on Friday, October 18th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $5.81.
Shares of NYSE:QD opened at $3.36 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.48 and a quick ratio of 4.48. Qudian has a 1 year low of $3.22 and a 1 year high of $9.20. The company has a market cap of $1.04 billion, a P/E ratio of 1.78 and a beta of 1.47. The stock’s fifty day moving average price is $4.47 and its 200-day moving average price is $6.64.
Qudian (NYSE:QD) last released its quarterly earnings data on Monday, November 25th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.02). Qudian had a return on equity of 33.49% and a net margin of 44.87%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the business posted $0.32 earnings per share. Qudian’s quarterly revenue was up 34.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Qudian will post 2 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank bought a new stake in shares of Qudian during the third quarter valued at approximately $80,000. Atria Investments LLC bought a new position in shares of Qudian during the second quarter worth $110,000. Financial Gravity Wealth Inc. boosted its position in shares of Qudian by 83.9% during the third quarter. Financial Gravity Wealth Inc. now owns 14,572 shares of the company’s stock worth $100,000 after acquiring an additional 6,650 shares during the last quarter. Marshall Wace LLP purchased a new position in Qudian during the second quarter valued at $116,000. Finally, Macquarie Group Ltd. purchased a new position in Qudian during the second quarter valued at $120,000. Institutional investors own 38.98% of the company’s stock.
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 small credit products, such as cash credit products; merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis; and budget auto financing products.
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