Bitauto Hldg Ltd (ADR) (BITA) was Resumed by JP Morgan to “Overweight” and the brokerage firm has set the Price Target at $35. JP Morgan advised their investors in a research report released on Aug 31, 2016.
Many Wall Street Analysts have commented on Bitauto Hldg Ltd (ADR). Macquarie Initiated Bitauto Hldg Ltd (ADR) on Jul 8, 2016 to “Outperform”, Price Target of the shares are set at $34.
On the company’s financial health, Bitauto Hldg Ltd (ADR) reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.30. The company had revenue of $209.40 million for the quarter, compared to analysts expectations of $208.89 million. The company’s revenue was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.
Bitauto Hldg Ltd (ADR) opened for trading at $25.12 and hit $25.58 on the upside on Monday, eventually ending the session at $25.41, with a gain of 1.11% or 0.28 points. The heightened volatility saw the trading volume jump to 3,94,659 shares. Company has a market cap of $1,797 M.
Bitauto Holdings Limited (Bitauto) is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com 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 bitauto.com advertising business offers automakers and dealers a range of advertising services through its bitauto.com 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 Company’s brand names include bitauto.com and taoche.com.