Bitauto Hldg Now Covered by Analysts at Credit Suisse (BITA)
Equities researchers at Credit Suisse began coverage on shares of Bitauto Hldg (NASDAQ:BITA) in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Shares of Bitauto Hldg (NASDAQ:BITA) opened at 30.77 on Wednesday. Bitauto Hldg has a 52 week low of $9.75 and a 52 week high of $46.93. The stock has a 50-day moving average of $37.47 and a 200-day moving average of $31.17. The company has a market cap of $1.230 billion and a P/E ratio of 33.92.
Bitauto Hldg (NASDAQ:BITA) last announced its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. The company had revenue of $79.90 million for the quarter, compared to the consensus estimate of $77.60 million. The company’s revenue for the quarter was up 40.2% on a year-over-year basis. Analysts expect that Bitauto Hldg will post $1.62 EPS for the current fiscal year.
A number of other firms have also recently commented on BITA. Analysts at Zacks upgraded shares of Bitauto Hldg from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 9th. They now have a $40.60 price target on the stock. Analysts at Oppenheimer raised their price target on shares of Bitauto Hldg from $30.00 to $45.00 in a research note on Friday, April 4th. They now have an “outperform” rating on the stock.
Bitauto Holdings Limited (NASDAQ:BITA) is a holding company.
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