Qudian Inc – (NYSE:QD) Receives Consensus Recommendation of “Hold” from Analysts

Qudian Inc – (NYSE:QD) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $6.47.

A number of brokerages have issued reports on QD. Macquarie cut shares of Qudian from a “neutral” rating to an “underperform” rating and set a $4.00 target price for the company. in a research report on Wednesday, November 20th. ValuEngine upgraded shares of Qudian from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 20th. Zacks Investment Research cut shares of Qudian from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th. Nomura cut their price objective on Qudian from $10.00 to $6.51 and set a “neutral” rating for the company in a research report on Wednesday, November 20th. Finally, TheStreet downgraded Qudian from a “c-” rating to a “d” rating in a research report on Friday, October 18th.

Qudian stock opened at $4.67 on Friday. Qudian has a fifty-two week low of $4.07 and a fifty-two week high of $9.20. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 4.13 and a beta of 1.51. The stock’s fifty day moving average is $6.23 and its two-hundred day moving average is $7.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.48 and a current ratio of 4.48.

Qudian (NYSE:QD) last released its quarterly earnings results on Monday, November 25th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.02). The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.20 billion. Qudian had a return on equity of 33.49% and a net margin of 44.87%. The company’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. As a group, sell-side analysts forecast that Qudian will post 2 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of QD. Financial Gravity Wealth Inc. boosted its stake in shares of Qudian by 47.3% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 7,922 shares of the company’s stock worth $59,000 after purchasing an additional 2,544 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of Qudian in the second quarter valued at approximately $71,000. Mizuho Securities USA LLC purchased a new position in shares of Qudian during the second quarter valued at approximately $75,000. Comerica Bank purchased a new position in shares of Qudian during the third quarter valued at approximately $80,000. Finally, Altshuler Shaham Ltd acquired a new stake in Qudian during the second quarter worth approximately $321,000. Hedge funds and other institutional investors own 39.35% 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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Analyst Recommendations for Qudian (NYSE:QD)

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