Brean Capital Begins Coverage on Bitauto Hldg (BITA)
Stock analysts at Brean Capital started coverage on shares of Bitauto Hldg (NASDAQ:BITA) in a report issued on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Bitauto Hldg (NASDAQ:BITA) traded up 5.00% during mid-day trading on Monday, hitting $82.28. 1,781,637 shares of the company’s stock traded hands. Bitauto Hldg has a one year low of $13.25 and a one year high of $79.40. The stock has a 50-day moving average of $56.41 and a 200-day moving average of $42.34. The company has a market cap of $3.413 billion and a P/E ratio of 62.84.
Bitauto Hldg (NASDAQ:BITA) last announced its earnings results on Monday, August 11th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Bitauto Hldg will post $1.70 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer raised their price target on shares of Bitauto Hldg from $45.00 to $78.00 in a research note on Tuesday, August 12th. They now have an “outperform” rating on the stock. 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $67.50.
Bitauto Holdings Limited (NASDAQ:BITA) is a holding company.
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