Bitauto Hldg Sets New 12-Month High at $92.00 (BITA)
Bitauto Hldg (NASDAQ:BITA)’s share price reached a new 52-week high on Monday , Analyst Ratings Net reports. The stock traded as high as $92.00 and last traded at $89.88, with a volume of 2,439,098 shares. The stock had previously closed at $81.71.
BITA has been the subject of a number of recent research reports. Analysts at Brean Capital initiated coverage on shares of Bitauto Hldg in a research note on Monday, August 18th. They set a “buy” rating and a $95.00 price target on the stock. Separately, 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. Finally, 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $76.67.
The stock’s 50-day moving average is $61.11 and its 200-day moving average is $44.12. The company has a market cap of $3.786 billion and a P/E ratio of 65.53.
Bitauto Hldg (NASDAQ:BITA) last released its 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. On average, analysts predict that Bitauto Hldg will post $1.70 earnings per share for the current fiscal year.
Bitauto Holdings Limited (NASDAQ:BITA) is a holding company.
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