Bitauto Hldg Ltd (BITA) Receives Average Rating of “Hold” from Analysts

Shares of Bitauto Hldg Ltd (NYSE:BITA) have been assigned a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $26.25.

A number of brokerages have issued reports on BITA. ValuEngine lowered Bitauto from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 27th. Zacks Investment Research lowered Bitauto from a “buy” rating to a “sell” rating in a research note on Wednesday, February 27th.

Several large investors have recently made changes to their positions in BITA. Marshall Wace North America L.P. purchased a new stake in shares of Bitauto in the first quarter valued at $35,000. Intercontinental Wealth Advisors LLC acquired a new position in shares of Bitauto in the fourth quarter worth $87,000. Quantamental Technologies LLC acquired a new position in shares of Bitauto in the first quarter worth $90,000. Segantii Capital Management Ltd acquired a new position in shares of Bitauto in the first quarter worth $92,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Bitauto in the first quarter worth $128,000. Institutional investors own 37.44% of the company’s stock.

Shares of NYSE BITA opened at $10.56 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $767.40 million, a price-to-earnings ratio of 7.54 and a beta of 1.04. Bitauto has a 1 year low of $10.13 and a 1 year high of $30.72.

Bitauto (NYSE:BITA) last issued its quarterly earnings results on Tuesday, March 19th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $453.70 million during the quarter, compared to analyst estimates of $425.94 million. Bitauto had a negative return on equity of 0.42% and a negative net margin of 5.67%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. Equities research analysts forecast that Bitauto will post 1.75 earnings per share 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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