Analyst Rating Update on Bitauto Holdings Limited (BITA)

Bitauto Holdings Limited (NYSE:BITA) : The consensus on Bitauto Holdings Limited (NYSE:BITA) based on 3 analyst recommendation on the company stock is 2.77, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Bitauto Holdings Limited (NYSE:BITA) : The highest short term price target forecast on Bitauto Holdings Limited (NYSE:BITA) is $34 and the lowest target price is $28. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $31 with a standard deviation of $4.24.

For the current week, the company shares have a recommendation consensus of Buy.

Bitauto Holdings Limited (NYSE:BITA): stock turned positive on Tuesday. Though the stock opened at $25.5, the bulls momentum made the stock top out at $27.34 level for the day. The stock recorded a low of $25.45 and closed the trading day at $27, in the green by 6.09%. The total traded volume for the day was 708,374. The stock had closed at $25.45 in the previous days trading.

Bitauto Holdings Limited (Bitauto) is a provider of Internet content and marketing services for Chinas automotive industry. The Companys and Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback. Bitauto operates through three segments: the advertising business, the EP platform business and its digital marketing solutions business. The advertising business offers automakers and dealers a range of advertising services through its Website and mobile applications. The EP platform business provides Web-based and mobile-based integrated digital marketing solutions to automobile customers in China. The digital marketing solutions business provides automakers with various digital marketing solutions. The Companys brand names include and

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