Qudian Inc – (QD) Receives Consensus Recommendation of “Buy” from Brokerages
Qudian Inc – (NYSE:QD) has been assigned a consensus rating of “Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $24.50.
QD has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target (down from $30.00) on shares of Qudian in a research note on Tuesday, December 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target (down from $35.00) on shares of Qudian in a research note on Thursday, November 23rd. ValuEngine raised shares of Qudian from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. initiated coverage on shares of Qudian in a research note on Wednesday, November 15th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Citigroup initiated coverage on shares of Qudian in a research note on Tuesday, November 14th. They issued a “buy” rating on the stock.
Qudian (NYSE:QD) opened at $12.50 on Thursday. The firm has a market cap of $4,130.00 and a PE ratio of 14.04. Qudian has a 12 month low of $11.33 and a 12 month high of $35.45. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -0.14.
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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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