QD has been the topic of a number of other reports. Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a report on Tuesday, June 11th. China Renaissance Securities assumed coverage on 360 Finance in a report on Tuesday, May 14th. They issued a buy rating and a $29.00 price target on the stock. Morgan Stanley upgraded Qudian from an equal weight rating to an overweight rating and set a $7.00 price target on the stock in a report on Monday, April 8th. Finally, TheStreet lowered WCF Bancorp from a c rating to a d+ rating in a report on Thursday, April 18th. Six 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. Qudian presently has a consensus rating of Hold and an average price target of $13.60.
Shares of Qudian stock opened at $8.36 on Tuesday. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 7.40 and a beta of 1.63. The firm has a 50-day moving average price of $7.58. Qudian has a one year low of $4.00 and a one year high of $9.15. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.05.
Qudian (NYSE:QD) last issued its quarterly earnings results on Monday, May 20th. The company reported $0.48 EPS for the quarter, beating 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%. On average, analysts expect that Qudian will post 2.16 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in QD. Financial Gravity Wealth Inc. acquired a new position in Qudian during the first quarter worth approximately $28,000. Prescott Group Capital Management L.L.C. acquired a new position in Qudian during the first quarter worth approximately $51,000. Banco Santander S.A. acquired a new position in Qudian during the first quarter worth approximately $68,000. D. E. Shaw & Co. Inc. acquired a new position in Qudian during the fourth quarter worth approximately $111,000. Finally, Two Sigma Advisers LP acquired a new position in Qudian during the fourth quarter worth approximately $112,000. 11.84% of the stock is currently owned by institutional investors and hedge funds.
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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