Bitauto Hldg Ltd (NYSE:BITA) has earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.20.

Several equities research analysts recently weighed in on the company. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Bank of America set a $77.00 price target on Zscaler and gave the company a “neutral” rating in a research note on Friday, May 31st. Zacks Investment Research lowered Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of in a research note on Friday, June 28th.

BITA traded up $0.31 on Thursday, hitting $11.96. The company had a trading volume of 794,047 shares, compared to its average volume of 792,166. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 1.18. Bitauto has a 52-week low of $9.46 and a 52-week high of $25.69. The business has a fifty day simple moving average of $10.61. The firm has a market cap of $811.77 million, a price-to-earnings ratio of 8.54 and a beta of 1.00.

Bitauto (NYSE:BITA) last released its quarterly earnings results on Thursday, May 30th. The information services provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.10. Bitauto had a negative net margin of 3.57% and a positive return on equity of 1.93%. The business had revenue of $407.50 million during the quarter, compared to the consensus estimate of $368.34 million. During the same quarter last year, the company earned $0.13 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, analysts anticipate that Bitauto will post 1.4 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in BITA. Penserra Capital Management LLC grew its position in Bitauto by 1.5% during the 1st quarter. Penserra Capital Management LLC now owns 66,763 shares of the information services provider’s stock worth $1,062,000 after acquiring an additional 965 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Bitauto during the 1st quarter valued at $35,000. Wedbush Securities Inc. grew its position in shares of Bitauto by 24.8% during the 1st quarter. Wedbush Securities Inc. now owns 15,100 shares of the information services provider’s stock valued at $240,000 after acquiring an additional 3,000 shares during the period. Quantamental Technologies LLC bought a new position in Bitauto in the 1st quarter worth $90,000. Finally, Segantii Capital Management Ltd bought a new position in Bitauto in the 1st quarter worth $92,000. 27.87% of the stock is currently owned by hedge funds and other institutional investors.

About Bitauto

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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