AutoNavi Holdings Ltd Stock Rating Reaffirmed by Nomura (AMAP)
AutoNavi Holdings Ltd (NASDAQ:AMAP)‘s stock had its “buy” rating reiterated by research analysts at Nomura in a report released on Tuesday, StockRatingsNetwork reports. They currently have a $17.00 target price on the stock. Nomura’s price objective points to a potential upside of 9.61% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer cut their price target on shares of AutoNavi Holdings Ltd (NASDAQ:AMAP) from $22.00 to $18.00 in a research note to investors on Friday, August 30th. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG downgraded shares of AutoNavi Holdings Ltd (NASDAQ:AMAP) from an “outperform” rating to an “underperform” rating in a research note to investors on Thursday, August 29th. Finally, analysts at Macquarie downgraded shares of AutoNavi Holdings Ltd (NASDAQ:AMAP) from an “outperform” rating to an “underperform” rating in a research note to investors on Thursday, August 29th.
Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $14.26.
AutoNavi Holdings Ltd (NASDAQ:AMAP) opened at 15.51 on Tuesday. AutoNavi Holdings Ltd has a 52 week low of $9.65 and a 52 week high of $16.98. The stock’s 50-day moving average is $13.43 and its 200-day moving average is $12.03. The company has a market cap of $783.4 million and a price-to-earnings ratio of 29.94.
AutoNavi Holdings Ltd (NASDAQ:AMAP) last released its earnings data on Wednesday, August 28th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.05. The company had revenue of $38.20 million for the quarter, compared to the consensus estimate of $42.89 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Analysts expect that AutoNavi Holdings Ltd will post $0.44 EPS for the current fiscal year.
AutoNavi Holdings Limited (NASDAQ:AMAP) through its subsidiaries is primarily engaged in providing digital map content, navigation and location-based solutions in the People’s Republic of China.
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