Qudian (NYSE:QD) Lifted to “Hold” at ValuEngine

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ValuEngine upgraded shares of Qudian (NYSE:QD) from a sell rating to a hold rating in a report released on Tuesday morning, ValuEngine reports.

QD has been the subject of a number of other research reports. Morgan Stanley upgraded Qudian from an equal weight rating to an overweight rating and set a $7.00 price objective for the company in a research report on Monday, April 8th. TheStreet lowered WCF Bancorp from a c rating to a d+ rating in a research report on Thursday, April 18th. China Renaissance Securities began coverage on 360 Finance in a research report on Tuesday, May 14th. They set a buy rating and a $29.00 price objective for the company. Finally, Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a research report on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $13.60.

NYSE QD opened at $8.75 on Tuesday. The stock’s 50-day simple moving average is $7.57. Qudian has a twelve month low of $4.00 and a twelve month high of $9.15. The stock has a market capitalization of $2.90 billion, a P/E ratio of 7.74 and a beta of 1.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.91 and a quick ratio of 2.91.

Qudian (NYSE:QD) last released its quarterly earnings data on Monday, May 20th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. The company had revenue of $312.44 million for the quarter. Qudian had a return on equity of 28.87% and a net margin of 38.69%. Sell-side analysts predict that Qudian will post 2.16 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of QD. Equitec Specialists LLC acquired a new position in shares of Qudian in the 2nd quarter valued at $150,000. Greenwoods Asset Management Ltd acquired a new stake in Qudian during the 1st quarter worth $1,609,000. Banco Santander S.A. acquired a new stake in Qudian during the 1st quarter worth $68,000. Prescott Group Capital Management L.L.C. acquired a new stake in Qudian during the 1st quarter worth $51,000. Finally, AJO LP acquired a new stake in Qudian during the 1st quarter worth $335,000. Institutional investors and hedge funds own 11.84% of the company’s stock.

About Qudian

Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers small credit products, such as cash credit products; merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis; and budget auto financing products.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Qudian (NYSE:QD)

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