Bitauto (BITA) Shares Up 6.3%
Bitauto Hldg Ltd (NYSE:BITA)’s share price traded up 6.3% during trading on Monday . The stock traded as high as $29.20 and last traded at $28.73. 1,252,344 shares traded hands during trading, a decline of 10% from the average session volume of 1,386,384 shares. The stock had previously closed at $27.04.
Several equities analysts recently commented on the company. Zacks Investment Research raised Bitauto from a “sell” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Tuesday, October 24th. BidaskClub lowered Bitauto from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. Citigroup assumed coverage on Bitauto in a research report on Tuesday, January 2nd. They set a “buy” rating and a $40.00 price target on the stock. ValuEngine lowered Bitauto from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Finally, Morgan Stanley assumed coverage on Bitauto in a research report on Wednesday, December 13th. They set an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $43.00.
Bitauto (NYSE:BITA) last announced its earnings results on Monday, November 20th. The information services provider reported ($1.32) earnings per share (EPS) for the quarter. Bitauto had a negative net margin of 11.69% and a negative return on equity of 2.10%. The business had revenue of $351.47 million during the quarter. equities analysts expect that Bitauto Hldg Ltd will post -0.28 EPS for the current year.
Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.
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