Bitauto (BITA) Earning Somewhat Positive Media Coverage, Analysis Shows

News coverage about Bitauto (NYSE:BITA) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Bitauto earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news headlines about the information services provider an impact score of 45.505939637715 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Bitauto (NYSE BITA) opened at $30.03 on Tuesday. The company has a market cap of $2,275.15, a PE ratio of -13.00 and a beta of 2.78. Bitauto has a one year low of $18.04 and a one year high of $54.42.

Bitauto (NYSE:BITA) last issued its quarterly earnings data on Monday, November 20th. The information services provider reported ($1.32) EPS for the quarter. The firm had revenue of $351.47 million for the quarter. Bitauto had a negative net margin of 11.69% and a negative return on equity of 2.10%. equities analysts predict that Bitauto will post -0.28 EPS for the current fiscal year.

Several analysts have weighed in on the stock. ValuEngine downgraded shares of Bitauto from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. BidaskClub downgraded shares of Bitauto from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. Citigroup assumed coverage on shares of Bitauto in a research note on Tuesday, January 2nd. They issued a “buy” rating and a $40.00 price target for the company. Zacks Investment Research downgraded shares of Bitauto from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Finally, Morgan Stanley assumed coverage on shares of Bitauto in a research note on Wednesday, December 13th. They set an “overweight” rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $43.00.

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Bitauto Company Profile

Bitauto Holdings Limited 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.

Insider Buying and Selling by Quarter for Bitauto (NYSE:BITA)

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