Qudian Inc – (NYSE:QD) has received an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.27.

QD has been the subject of several research analyst reports. Zacks Investment Research lowered Qudian from a “hold” rating to a “sell” rating in a report on Saturday, November 9th. ValuEngine lowered Qudian from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. TheStreet lowered Qudian from a “c-” rating to a “d” rating in a research report on Friday, October 18th. Finally, BOCOM International began coverage on Qudian in a research report on Thursday, October 10th. They set a “neutral” rating and a $6.82 target price on the stock.

Shares of Qudian stock traded down $0.11 during trading on Monday, hitting $7.50. The stock had a trading volume of 5,778,780 shares, compared to its average volume of 3,360,508. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.03 and a quick ratio of 3.03. The firm has a market cap of $2.31 billion, a P/E ratio of 6.64 and a beta of 1.67. The business has a fifty day moving average of $6.85 and a two-hundred day moving average of $7.56. Qudian has a fifty-two week low of $4.16 and a fifty-two week high of $9.20.

Qudian (NYSE:QD) last announced its quarterly earnings data on Friday, August 16th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.06. The business had revenue of $323.48 million during the quarter. Qudian had a return on equity of 31.21% and a net margin of 44.04%. As a group, research analysts forecast that Qudian will post 2 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Banco Santander S.A. raised its position in shares of Qudian by 4,015.9% during the third quarter. Banco Santander S.A. now owns 1,012,500 shares of the company’s stock worth $6,976,000 after purchasing an additional 987,900 shares during the period. WT Asset Management Ltd raised its position in shares of Qudian by 36.5% during the third quarter. WT Asset Management Ltd now owns 1,104,400 shares of the company’s stock worth $7,609,000 after purchasing an additional 295,500 shares during the period. Mackay Shields LLC acquired a new stake in shares of Qudian during the third quarter worth $181,000. Russell Investments Group Ltd. raised its position in shares of Qudian by 59.6% during the third quarter. Russell Investments Group Ltd. now owns 1,730,056 shares of the company’s stock worth $11,791,000 after purchasing an additional 645,999 shares during the period. Finally, Renaissance Group LLC acquired a new stake in shares of Qudian during the third quarter worth $554,000. 36.15% of the stock is currently owned by institutional investors.

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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