Somewhat Favorable News Coverage Somewhat Unlikely to Impact Bitauto (NYSE:BITA) Stock Price

Press coverage about Bitauto (NYSE:BITA) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bitauto earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the information services provider an impact score of 46.3523120485761 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

BITA has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Bitauto from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. BidaskClub raised shares of Bitauto from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 18th. Morgan Stanley initiated coverage on shares of Bitauto in a research report on Wednesday, December 13th. They set an “overweight” rating on the stock. ValuEngine lowered shares of Bitauto from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Finally, Citigroup initiated coverage on shares of Bitauto in a research report on Tuesday, January 2nd. They set a “buy” rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Bitauto has a consensus rating of “Buy” and an average target price of $43.00.

Bitauto (BITA) traded up $0.77 on Thursday, hitting $36.44. 911,171 shares of the company were exchanged, compared to its average volume of 2,307,234. Bitauto has a one year low of $18.04 and a one year high of $54.42. The company has a market capitalization of $2,610.00, a price-to-earnings ratio of -13.16 and a beta of 3.04.

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About Bitauto

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.

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