Can analysts adopt a bullish outlook for Bitauto Holdings Limited (NYSE:BITA)?

January 5, 2018 - By Louis Casey

 Can analysts adopt a bullish outlook for Bitauto Holdings Limited (NYSE:BITA)?

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 rating was downgraded by CLSA on Tuesday, November 10 to “Underperform”. The firm has “Buy” rating by Credit Agricole given on Monday, February 22. CLSA downgraded the stock to “Outperform” rating in Wednesday, May 24 report. The firm has “Buy” rating by Citigroup given on Tuesday, January 2. The stock has “Buy” rating by CLSA on Monday, February 22. Citigroup initiated the shares of BITA in report on Thursday, October 29 with “Buy” rating. The stock of Bitauto Holdings Limited (NYSE:BITA) has “Outperform” rating given on Wednesday, March 9 by Credit Suisse. The firm has “Underweight” rating given on Monday, May 16 by Morgan Stanley. The firm has “Neutral” rating given on Tuesday, February 23 by JP Morgan. CLSA upgraded Bitauto Holdings Limited (NYSE:BITA) on Friday, September 1 to “Buy” rating. 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 decreased 0.09% or $0.03 during the last trading session, reaching $35.4. About 493,065 shares traded. Bitauto Holdings Limited (NYSE:BITA) has risen 69.99% since January 5, 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 $2.45 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: Investorplace.com which released: “Bitauto Hldg Ltd (ADR) (BITA): This Chinese Stock Could Double” on June 10, 2016, also Benzinga.com with their article: “Earnings Scheduled For November 20, 2017” published on November 20, 2017, Thestreet.com published: “Bitauto Holdings (BITA) Stock Plunges Today as Chinese Auto Sales Growth Slows” on January 12, 2015. More interesting news about Bitauto Holdings Limited (NYSE:BITA) were released by: Fool.com and their article: “Why I’m Buying Shares of Bitauto Hldg. Ltd. (ADR)” published on September 18, 2015 as well as Fool.com‘s news article titled: “Car Ownership in China” with publication date: October 13, 2016.

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