Qudian (QD) Downgraded by ValuEngine to Buy
Qudian (NYSE:QD) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Qudian from a “hold” rating to a “strong sell” rating in a report on Thursday. Stifel Nicolaus downgraded shares of Qudian from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a report on Friday, January 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price (down previously from $30.00) on shares of Qudian in a report on Tuesday, December 5th. Macquarie lowered their target price on shares of Qudian from $36.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, November 24th. Finally, Morgan Stanley began coverage on shares of Qudian in a report on Wednesday, November 15th. They issued a “weight” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $23.50.
Shares of Qudian (NYSE:QD) opened at $15.85 on Friday. The firm has a market cap of $4,920.00 and a PE ratio of 17.23. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -0.14. Qudian has a fifty-two week low of $11.33 and a fifty-two week high of $35.45.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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