Stifel Nicolaus began coverage on shares of Qudian (NYSE:QD) in a report published on Wednesday, November 15th, MarketBeat reports. The brokerage issued a buy rating and a $35.00 price target on the stock.
Several other equities analysts have also recently weighed in on QD. Citigroup initiated coverage on Qudian in a report on Tuesday, November 14th. They issued a buy rating for the company. Macquarie assumed coverage on shares of Qudian in a research note on Tuesday, November 14th. They set an outperform rating and a $36.00 target price on the stock. Credit Suisse Group assumed coverage on shares of Qudian in a research report on Monday, November 13th. They set an outperform rating on the stock. Finally, Sanford C. Bernstein initiated coverage on shares of Qudian in a report on Thursday, October 19th. They issued an outperform rating on the stock. Eight equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and a consensus target price of $27.00.
Qudian (QD) traded up $0.18 on Wednesday, hitting $13.78. The company’s stock had a trading volume of 12,387,743 shares, compared to its average volume of 8,272,111. Qudian has a 1 year low of $12.03 and a 1 year high of $35.45.
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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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