Qudian Inc. Sponsored ADR (QD) Given Average Rating of “Buy” by Brokerages
Shares of Qudian Inc. Sponsored ADR (NYSE:QD) have been assigned a consensus rating of “Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $24.50.
QD has been the subject of several recent analyst reports. Needham & Company LLC initiated coverage on Qudian in a report on Monday, November 20th. They issued a “buy” rating and a $30.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $19.00 price target (down previously from $35.00) on shares of Qudian in a report on Thursday, November 23rd. Sanford C. Bernstein initiated coverage on Qudian in a report on Thursday, October 19th. They issued an “outperform” rating for the company. Morgan Stanley initiated coverage on Qudian in a report on Wednesday, November 15th. They issued a “weight” rating for the company. Finally, ValuEngine upgraded Qudian from a “hold” rating to a “buy” rating in a report on Monday, November 20th.
Qudian (QD) opened at $13.65 on Friday. Qudian has a one year low of $11.33 and a one year high of $35.45.
Qudian 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.
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