Bitauto Hldg Price Target Increased to $78.00 by Analysts at Oppenheimer (BITA)
Equities research analysts at Oppenheimer raised their target price on shares of Bitauto Hldg (NASDAQ:BITA) from $45.00 to $78.00 in a research note issued to investors on Tuesday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 13.06% from the company’s current price.
Separately, analysts at Zacks upgraded shares of Bitauto Hldg from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $57.00 price target on the stock.
Shares of Bitauto Hldg (NASDAQ:BITA) traded up 5.91% on Tuesday, hitting $73.07. 1,933,768 shares of the company’s stock traded hands. Bitauto Hldg has a one year low of $12.85 and a one year high of $73.42. The stock has a 50-day moving average of $53.78 and a 200-day moving average of $41.51. The company has a market cap of $3.032 billion and a P/E ratio of 74.10.
Bitauto Hldg (NASDAQ:BITA) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.09. The company had revenue of $84.20 million for the quarter, compared to the consensus estimate of $79.40 million. Analysts expect that Bitauto Hldg will post $1.57 EPS for the current fiscal year.
Bitauto Holdings Limited (NASDAQ:BITA) is a holding company.
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