eHi Car Services Limited (EHIC) Upgraded to Hold by Zacks Investment Research
eHi Car Services Limited (NYSE:EHIC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report 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. “
Separately, ValuEngine downgraded eHi Car Services Limited from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
eHi Car Services Limited (NYSE:EHIC) last announced its earnings results on Monday, August 28th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $94.37 million for the quarter. eHi Car Services Limited had a net margin of 4.05% and a return on equity of 2.41%. analysts expect that eHi Car Services Limited will post 0.34 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of eHi Car Services Limited by 21.6% during the third quarter. Dimensional Fund Advisors LP now owns 209,334 shares of the company’s stock worth $2,051,000 after purchasing an additional 37,187 shares during the period. Renaissance Group LLC lifted its holdings in shares of eHi Car Services Limited by 11.1% during the third quarter. Renaissance Group LLC now owns 47,925 shares of the company’s stock worth $470,000 after purchasing an additional 4,786 shares during the period. Pictet Asset Management Ltd. acquired a new stake in shares of eHi Car Services Limited during the third quarter worth $241,000. Yiheng Capital LLC lifted its holdings in shares of eHi Car Services Limited by 14.9% during the second quarter. Yiheng Capital LLC now owns 2,538,097 shares of the company’s stock worth $25,330,000 after purchasing an additional 329,070 shares during the period. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of eHi Car Services Limited during the second quarter worth $186,000. 27.92% of the stock is owned by hedge funds and other institutional investors.
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.
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