Headlines about Bitauto (NYSE:BITA) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bitauto earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 46.7300577897247 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Tech Stock in Focus- Bitauto Holdings Limited (BITA) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Analysts suggested mean rating score of 2.10 for Bitauto Holdings Limited (BITA) – Wall Street Morning (wallstreetmorning.com)
- Traders Alert: Buckeye Partners, LP (NYSE:BPL), Bitauto Holdings Limited (NYSE:BITA) – The Oracle Examiner (oracleexaminer.com)
- Featured Volatile Stock – Bitauto Holdings Limited (NYSE: BITA … – Alpha Beta Stock (alphabetastock.com)
- Why Bitauto Holdings Stock Lost 18.4% in February (finance.yahoo.com)
A number of research analysts have recently commented on the company. Citigroup assumed coverage on Bitauto in a research report on Tuesday, January 2nd. They set a “buy” rating and a $40.00 target price for the company. ValuEngine downgraded Bitauto from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Morgan Stanley assumed coverage on Bitauto in a research report on Wednesday, December 13th. They set an “overweight” rating for the company. Finally, Zacks Investment Research downgraded Bitauto from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. One investment 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’s stock. The stock presently has a consensus rating of “Buy” and an average price target 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.
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