Qudian Inc. Sponsored ADR’s (QD) Quiet Period Will End on November 27th

Qudian Inc. Sponsored ADR’s (NYSE:QD) quiet period will end on Monday, November 27th. Qudian Inc. Sponsored ADR had issued 37,500,000 shares in its IPO on October 18th. The total size of the offering was $900,000,000 based on an initial share price of $24.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Several research firms have commented on QD. began coverage on shares of Qudian Inc. Sponsored ADR in a research report on Wednesday, November 15th. They issued a “buy” rating and a $35.00 target price for the company. Stifel Nicolaus began coverage on shares of Qudian Inc. Sponsored ADR in a research report on Wednesday, November 15th. They issued a “buy” rating and a $35.00 target price for the company. Citigroup Inc. began coverage on shares of Qudian Inc. Sponsored ADR in a research report on Tuesday, November 14th. They issued a “buy” rating for the company. Credit Suisse Group began coverage on shares of Qudian Inc. Sponsored ADR in a research report on Monday, November 13th. They issued an “outperform” rating for the company. Finally, Macquarie began coverage on shares of Qudian Inc. Sponsored ADR in a research report on Tuesday, November 14th. They issued an “outperform” rating and a $36.00 target price for the company. Eight investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus price target of $34.00.

ILLEGAL ACTIVITY WARNING: This story was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://sportsperspectives.com/2017/11/22/qudian-inc-sponsored-adrs-qd-quiet-period-will-end-on-november-27th.html.

Qudian Inc. Sponsored ADR (NYSE:QD) opened at $19.31 on Wednesday. Qudian Inc. Sponsored ADR has a one year low of $16.00 and a one year high of $35.45.

About Qudian Inc. Sponsored ADR

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.

Receive News & Ratings for Qudian Inc. Sponsored ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qudian Inc. Sponsored ADR and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply