Qudian Inc. Sponsored ADR (QD) Receives New Coverage from Analysts at Citigroup Inc.
Investment analysts at Citigroup Inc. assumed coverage on shares of Qudian Inc. Sponsored ADR (NYSE:QD) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating on the stock.
A number of other analysts have also commented on QD. Macquarie assumed coverage on shares of Qudian Inc. Sponsored ADR in a research note on Tuesday. They set an “outperform” rating and a $36.00 price objective for the company. Credit Suisse Group assumed coverage on shares of Qudian Inc. Sponsored ADR in a research note on Monday. They set an “outperform” rating for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Qudian Inc. Sponsored ADR in a research note on Thursday, October 19th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.33.
Qudian Inc. Sponsored ADR (NYSE QD) traded down $0.18 during mid-day trading on Tuesday, reaching $24.98. 3,306,000 shares of the company’s stock were exchanged, compared to its average volume of 5,988,530. Qudian Inc. Sponsored ADR has a 52 week low of $21.90 and a 52 week high of $35.45.
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Qudian Inc. Sponsored ADR Company Profile
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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