Bitauto Hldg Ltd (NYSE:BITA) has earned an average rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $27.00.

A number of research firms recently issued reports on BITA. ValuEngine raised Bitauto from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. Citigroup lowered Bitauto from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Wednesday, August 15th. Zacks Investment Research raised Bitauto from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, October 29th. Macquarie lowered their target price on Bitauto from $29.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, August 23rd. Finally, JPMorgan Chase & Co. began coverage on Bitauto in a report on Wednesday, August 29th. They set an “overweight” rating and a $38.00 target price on the stock.

Large investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Bitauto by 332.1% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,367 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 4,125 shares during the period. Exane Derivatives boosted its position in shares of Bitauto by 214.4% in the 3rd quarter. Exane Derivatives now owns 6,341 shares of the information services provider’s stock valued at $144,000 after purchasing an additional 4,324 shares during the period. Thompson Siegel & Walmsley LLC acquired a new position in shares of Bitauto in the 3rd quarter valued at $184,000. Public Employees Retirement System of Ohio boosted its position in shares of Bitauto by 36.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,800 shares of the information services provider’s stock valued at $257,000 after purchasing an additional 2,900 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Bitauto in the 2nd quarter valued at $290,000. Institutional investors and hedge funds own 35.52% of the company’s stock.

NYSE:BITA traded down $1.51 during mid-day trading on Friday, reaching $16.32. 1,241,947 shares of the stock were exchanged, compared to its average volume of 764,191. The firm has a market cap of $1.34 billion, a P/E ratio of -4.77 and a beta of 2.85. Bitauto has a 1-year low of $16.09 and a 1-year high of $50.57. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.48.

Bitauto (NYSE:BITA) last released its earnings results on Wednesday, August 22nd. The information services provider reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $402.35 million for the quarter, compared to analyst estimates of $398.80 million. Bitauto had a negative return on equity of 8.60% and a negative net margin of 15.08%. Sell-side analysts expect that Bitauto will post 0.83 EPS for the current year.

Bitauto Company Profile

Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.

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Analyst Recommendations for Bitauto (NYSE:BITA)

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