Ehi Car Services Ltd (NYSE:EHIC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “eHi Car Services Limited provides car rentals and car services in the People’s Republic of China. The Company offers self-drive car rental services, car services and international car rental service. It provides self-drive car rentals to both individual customers and corporate clients. The Company’s chauffeured car services include drop-off and pick-up services at local airports, business shuttle service, intercity transportation service and etc. It offers international car rental service to its customers when they travel abroad. eHi Car Services Limited is headquartered in Shanghai, the People’s Republic of China. “

Shares of Ehi Car Services (NYSE:EHIC) traded up 0.30% during mid-day trading on Tuesday, hitting $10.05. 58,584 shares of the stock were exchanged. The stock has a market cap of $687.19 million, a PE ratio of 143.57 and a beta of 0.47. Ehi Car Services has a 12 month low of $8.11 and a 12 month high of $12.43. The stock’s 50 day moving average is $10.07 and its 200-day moving average is $10.06.

Ehi Car Services (NYSE:EHIC) last issued its quarterly earnings results on Wednesday, March 22nd. The company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. Ehi Car Services had a return on equity of 0.16% and a net margin of 0.33%. The business had revenue of $81.38 million for the quarter. On average, analysts anticipate that Ehi Car Services will post $0.34 EPS for the current year.

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Several large investors have recently modified their holdings of EHIC. Columbia Pacific Advisors LLC raised its stake in shares of Ehi Car Services by 0.3% in the first quarter. Columbia Pacific Advisors LLC now owns 50,643 shares of the company’s stock worth $512,000 after buying an additional 154 shares during the last quarter. Symmetry Peak Management LLC acquired a new stake in shares of Ehi Car Services during the first quarter worth $127,000. Renaissance Technologies LLC raised its stake in shares of Ehi Car Services by 47.8% in the first quarter. Renaissance Technologies LLC now owns 160,900 shares of the company’s stock worth $1,627,000 after buying an additional 52,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ehi Car Services by 237.8% in the first quarter. Dimensional Fund Advisors LP now owns 134,388 shares of the company’s stock worth $1,359,000 after buying an additional 94,605 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Ehi Car Services by 33.2% in the fourth quarter. State Street Corp now owns 52,500 shares of the company’s stock worth $476,000 after buying an additional 13,100 shares during the last quarter. Institutional investors and hedge funds own 28.54% of the company’s stock.

Ehi Car Services Company Profile

eHi Car Services Limited, formerly Prudent Choice International Limited, is a holding company. The Company is engaged in car rentals and car services. The Company provides self-drive car rental services to both individual customers, as well as corporate and institutional clients to meet travel, leisure, business and ground transportation needs.

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