Morgan Stanley Initiates Coverage on Qudian (NYSE:QD)

Morgan Stanley started coverage on shares of Qudian (NYSE:QD) in a report published on Wednesday, November 15th, MarketBeat reports. The firm issued a weight rating on the stock.

Several other equities research analysts also recently weighed in on QD. Sanford C. Bernstein initiated coverage on shares of Qudian in a research note on Thursday, October 19th. They issued an outperform rating on the stock. Credit Suisse Group initiated coverage on shares of Qudian in a report on Monday, November 13th. They issued an outperform rating on the stock. Macquarie began coverage on shares of Qudian in a report on Tuesday, November 14th. They issued an outperform rating and a $36.00 price target on the stock. Citigroup began coverage on shares of Qudian in a research report on Tuesday, November 14th. They set a buy rating for the company. Finally, Stifel Nicolaus began coverage on shares of Qudian in a research report on Wednesday, November 15th. They set a buy rating and a $35.00 price target for the company. Eight analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus price target of $27.00.

Qudian (NYSE QD) traded up $0.18 during trading on Wednesday, reaching $13.78. 12,387,743 shares of the company were exchanged, compared to its average volume of 8,272,111. Qudian has a 52 week low of $12.03 and a 52 week high of $35.45.

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About Qudian

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 (NYSE:QD)

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