Discussion stirs around Bitauto Holdings Limited (NYSE:BITA) this week; here is what analysts are saying.

January 22, 2018 - By Vivian Currie

 Discussion stirs around Bitauto Holdings Limited (NYSE:BITA) this week; here is what analysts are saying.

Bitauto Holdings Limited (NYSE:BITA) Ratings Coverage

Among 9 analysts covering Bitauto Holdings (NYSE:BITA), 8 have Buy rating, 1 Sell and 0 Hold. Therefore 89% are positive. Bitauto Holdings had 15 analyst reports since October 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Tuesday, January 2. The stock of Bitauto Holdings Limited (NYSE:BITA) has “Overweight” rating given on Wednesday, August 31 by JP Morgan. On Tuesday, November 10 the stock rating was downgraded by CLSA to “Underperform”. Credit Suisse upgraded Bitauto Holdings Limited (NYSE:BITA) on Wednesday, March 9 to “Outperform” rating. The firm has “Outperform” rating by CLSA given on Wednesday, May 24. Morgan Stanley downgraded the stock to “Underweight” rating in Monday, May 16 report. The rating was initiated by Macquarie Research with “Outperform” on Friday, July 8. The rating was upgraded by Credit Agricole to “Buy” on Monday, February 22. CLSA upgraded the stock to “Buy” rating in Monday, February 22 report. The firm has “Buy” rating by CLSA given on Friday, September 1. Below is a list of Bitauto Holdings Limited (NYSE:BITA) latest ratings and price target changes.

02/01/2018 Broker: Citigroup Rating: Buy Initiate
01/09/2017 Broker: CLSA Old Rating: Outperform New Rating: Buy Upgrade

The stock increased 0.74% or $0.28 during the last trading session, reaching $38.2. About 583,452 shares traded. Bitauto Holdings Limited (NYSE:BITA) has risen 69.99% since January 22, 2017 and is uptrending. It has outperformed by 53.29% the S&P500.

Bitauto Holdings Limited provides Internet content and marketing, and transaction services for the automotive industry in the PeopleÂ’s Republic of China. The company has market cap of $2.64 billion. The firm operates in three divisions: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business. It currently has negative earnings. The Advertising and Subscription Business segment provides advertising services, including new automobile pricing and promotional information, specifications, reviews, and consumer feedback to automakers through its bitauto.com and taoche.com Websites, as well as mobile applications.

More notable recent Bitauto Holdings Limited (NYSE:BITA) news were published by: Fool.com which released: “Investors Are Betting Big Against Bitauto Hldg Ltd (ADR). Are They Wrong?” on October 13, 2016, also Benzinga.com with their article: “Earnings Scheduled For November 20, 2017” published on November 20, 2017, Fool.com published: “Why I’m Buying Shares of Bitauto Hldg. Ltd. (ADR)” on September 18, 2015. More interesting news about Bitauto Holdings Limited (NYSE:BITA) were released by: Marketwatch.com and their article: “Bitauto Holdings Ltd. ADR” published on January 21, 2011 as well as Thestreet.com‘s news article titled: “Bitauto Holdings (BITA) Stock Plunges Today as Chinese Auto Sales Growth Slows” with publication date: January 12, 2015.

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