Ehi Car Services Ltd (EHIC) Given Average Rating of “Strong Buy” by Analysts

Ehi Car Services Ltd (NYSE:EHIC) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective of $13.00 for the company, according to Zacks. Zacks has also given Ehi Car Services an industry rank of 69 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded shares of Ehi Car Services from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st.

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in Ehi Car Services by 28.1% in the second quarter. Dimensional Fund Advisors LP now owns 172,147 shares of the company’s stock worth $1,718,000 after buying an additional 37,759 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in Ehi Car Services during the 2nd quarter worth approximately $186,000. Renaissance Group LLC grew its position in Ehi Car Services by 11.1% during the 3rd quarter. Renaissance Group LLC now owns 47,925 shares of the company’s stock worth $470,000 after purchasing an additional 4,786 shares in the last quarter. Pictet Asset Management Ltd. purchased a new position in Ehi Car Services during the 3rd quarter worth approximately $241,000. Finally, Aperio Group LLC purchased a new position in Ehi Car Services during the 4th quarter worth approximately $189,000. Hedge funds and other institutional investors own 27.88% of the company’s stock.

Ehi Car Services (NYSE EHIC) traded up $0.29 during midday trading on Friday, hitting $11.95. 117,603 shares of the company were exchanged, compared to its average volume of 248,499. Ehi Car Services has a fifty-two week low of $8.89 and a fifty-two week high of $12.50. The firm has a market capitalization of $815.72, a price-to-earnings ratio of 59.75 and a beta of 0.50.

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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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