ValuEngine Downgrades eHi Car Services Limited (NYSE:EHIC) to Sell
eHi Car Services Limited (NYSE:EHIC) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
Separately, Zacks Investment Research raised eHi Car Services Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, May 23rd.
eHi Car Services Limited (EHIC) traded down 0.21% during midday trading on Friday, reaching $9.67. The company’s stock had a trading volume of 63,302 shares. eHi Car Services Limited has a 12-month low of $8.11 and a 12-month high of $12.43. The firm has a market cap of $661.21 million, a price-to-earnings ratio of 66.69 and a beta of 0.44. The company’s 50-day moving average is $9.85 and its 200 day moving average is $10.05.
eHi Car Services Limited (NYSE:EHIC) last released its earnings results on Monday, June 5th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $89.43 million for the quarter. eHi Car Services Limited had a return on equity of 1.68% and a net margin of 2.98%. Equities analysts forecast that eHi Car Services Limited will post $0.31 earnings per share for the current year.
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Several hedge funds have recently made changes to their positions in the stock. Symmetry Peak Management LLC purchased a new stake in shares of eHi Car Services Limited during the first quarter worth about $127,000. Columbia Pacific Advisors LLC raised its stake in shares of eHi Car Services Limited 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. Renaissance Technologies LLC raised its stake in shares of eHi Car Services Limited by 310.9% in the fourth quarter. Renaissance Technologies LLC now owns 108,900 shares of the company’s stock worth $987,000 after buying an additional 82,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of eHi Car Services Limited 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. Hedge funds and other institutional investors own 29.28% of the company’s stock.
About eHi Car Services Limited
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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