Qudian (NYSE:QD) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday, MarketBeat reports.
Several other analysts also recently weighed in on the company. Nomura reiterated a “neutral” rating on shares of Qudian in a research report on Wednesday, February 27th. ValuEngine upgraded shares of Qudian from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.67.
Shares of NYSE QD traded up $0.14 during midday trading on Monday, hitting $5.45. The company’s stock had a trading volume of 218,295 shares, compared to its average volume of 3,574,703. Qudian has a 12-month low of $4.00 and a 12-month high of $12.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.72 and a current ratio of 2.89. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 4.58 and a beta of 1.47.
Qudian (NYSE:QD) last posted its quarterly earnings data on Monday, March 18th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.05. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Qudian had a return on equity of 23.87% and a net margin of 32.10%. Qudian’s revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS.
Several hedge funds have recently modified their holdings of QD. Bank of America Corp DE grew its position in shares of Qudian by 2,791.2% during the 4th quarter. Bank of America Corp DE now owns 1,279,985 shares of the company’s stock worth $5,491,000 after buying an additional 1,235,713 shares in the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its stake in shares of Qudian by 552.0% during the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 949,121 shares of the company’s stock valued at $4,072,000 after buying an additional 803,540 shares during the period. Two Sigma Investments LP increased its stake in shares of Qudian by 1,542.7% during the fourth quarter. Two Sigma Investments LP now owns 615,883 shares of the company’s stock valued at $2,642,000 after buying an additional 578,390 shares during the period. Credit Suisse AG raised its holdings in shares of Qudian by 943.9% in the third quarter. Credit Suisse AG now owns 594,767 shares of the company’s stock valued at $3,099,000 after acquiring an additional 537,794 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Qudian by 26.3% in the third quarter. BlackRock Inc. now owns 2,507,400 shares of the company’s stock valued at $13,064,000 after acquiring an additional 521,560 shares in the last quarter. Institutional investors and hedge funds own 6.40% of the company’s stock.
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 cash credit products, such as cash short-term unsecured lines of credit, which are distributed in digital form; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis, as well as budget auto financing products.
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