AutoNavi Holdings Ltd Downgraded to “Sector Perform” at Pacific Crest (AMAP)
AutoNavi Holdings Ltd (NASDAQ:AMAP) was downgraded by Pacific Crest from an “outperform” rating to a “sector perform” rating in a research note issued on Monday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Shares of AutoNavi Holdings Ltd (NASDAQ:AMAP) opened at 16.62 on Monday. AutoNavi Holdings Ltd has a 52-week low of $9.65 and a 52-week high of $17.95. The stock’s 50-day moving average is $13.70 and its 200-day moving average is $12.14. The company has a market cap of $839.4 million and a P/E ratio of 32.08.
AutoNavi Holdings Ltd (NASDAQ:AMAP) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the 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 $0.30 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet downgraded shares of AutoNavi Holdings Ltd from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. Separately, analysts at Nomura reiterated a “buy” rating on shares of AutoNavi Holdings Ltd in a research note to investors on Tuesday, September 10th. They now have a $17.00 price target on the stock. Finally, analysts at Oppenheimer cut their price target on shares of AutoNavi Holdings Ltd 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.33.
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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