Bitauto (NYSE:BITA) is set to release its earnings data before the market opens on Wednesday, November 28th. Analysts expect Bitauto to post earnings of $0.44 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Shares of Bitauto stock opened at $18.28 on Monday. The company has a market cap of $1.31 billion, a P/E ratio of -5.35 and a beta of 2.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.16 and a current ratio of 1.16. Bitauto has a 1 year low of $15.61 and a 1 year high of $39.54.
Several brokerages recently issued reports on BITA. Citigroup lowered shares of Bitauto from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a report on Wednesday, August 15th. Zacks Investment Research raised shares of Bitauto from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, October 29th. ValuEngine lowered shares of Bitauto from a “sell” rating to a “strong sell” rating in a report on Thursday, September 27th. Macquarie decreased their price target on shares of Bitauto from $29.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, August 23rd. Finally, JPMorgan Chase & Co. began coverage on shares of Bitauto in a report on Wednesday, August 29th. They set an “overweight” rating and a $38.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Bitauto presently has a consensus rating of “Hold” and a consensus target price of $27.00.
Bitauto Company Profile
Bitauto Holdings Limited, through its subsidiaries, provides Internet content and marketing services, and transaction services for the automobile industry in the People's Republic of China. It operates in three segments: Advertising and Subscription Business, Transaction Services Business, and Digital Marketing Solutions Business.
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