Qudian (NYSE:QD) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Qudian (NYSE:QD) from a sell rating to a hold rating in a research report released on Tuesday, ValuEngine reports.

Several other research firms have also recently issued reports on QD. Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a research note on Tuesday, June 11th. China Renaissance Securities started coverage on 360 Finance in a research note on Tuesday, May 14th. They issued a buy rating and a $29.00 price target for the company. TheStreet cut WCF Bancorp from a c rating to a d+ rating in a research note on Thursday, April 18th. Finally, Morgan Stanley raised Qudian from an equal weight rating to an overweight rating and set a $7.00 price target for the company in a research note on Monday, April 8th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $13.60.

Shares of QD opened at $8.36 on Tuesday. Qudian has a 12 month low of $4.00 and a 12 month high of $9.15. The company has a market cap of $2.88 billion, a P/E ratio of 7.40 and a beta of 1.63. The stock’s fifty day moving average is $7.58. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.91 and a current ratio of 2.91.

Qudian (NYSE:QD) last released its quarterly earnings results on Monday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.10. Qudian had a return on equity of 28.87% and a net margin of 38.69%. The company had revenue of $312.44 million during the quarter. Equities analysts predict that Qudian will post 2.16 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Diversified Trust Co acquired a new stake in Qudian during the 2nd quarter valued at $836,000. Equitec Specialists LLC acquired a new stake in Qudian during the 2nd quarter valued at $150,000. Greenwoods Asset Management Ltd acquired a new stake in Qudian during the 1st quarter valued at $1,609,000. Banco Santander S.A. acquired a new stake in Qudian during the 1st quarter valued at $68,000. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in Qudian during the 1st quarter valued at $51,000. Institutional investors and hedge funds own 11.84% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Qudian (NYSE:QD)

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