Macquarie initiated coverage on shares of Qudian Inc. Sponsored ADR (NYSE:QD) in a research note released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $36.00 price objective on the stock.

QD has been the topic of several other reports. Credit Suisse Group began coverage on shares of Qudian Inc. Sponsored ADR in a report on Monday. They issued an outperform rating on the stock. Sanford C. Bernstein began coverage on shares of Qudian Inc. Sponsored ADR in a report on Thursday, October 19th. They issued an outperform rating on the stock. Six analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average price target of $35.33.

Qudian Inc. Sponsored ADR (QD) traded down $2.11 during trading on Tuesday, hitting $21.20. 7,211,244 shares of the stock traded hands, compared to its average volume of 6,024,589. Qudian Inc. Sponsored ADR has a twelve month low of $21.15 and a twelve month high of $35.45.

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Qudian Inc. Sponsored ADR Company Profile

Qudian Inc provides cash credit products, which provide funds in digital form, and merchandise credit products. The Company operates through an online platform and all the transaction are facilitated through mobile devices. Borrowers can apply for credit on their mobile phones and receive approval within a few seconds.

Analyst Recommendations for Qudian Inc. Sponsored ADR (NYSE:QD)

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