Autohome Inc. (ATHM) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Autohome Inc. (NYSE:ATHM) from a hold rating to a buy rating in a research note released on Monday, July 10th. They currently have $51.00 price objective on the information services provider’s stock.

According to Zacks, “Autohome Inc. offers an online destination for automobile consumers primarily in the People’s Republic of China. The company through its Websites, autohome.com.cn and che168.com delivers content to automobile buyers and owners. It also offers advertising services; dealer subscription services; used automobile listings services; automobile dealer subscription services as well as operates automotive aftermarket services platform and real-time feedback on the service providers. Autohome Inc. is based in Beijing, China. “

Several other research firms have also recently issued reports on ATHM. UBS AG cut Autohome from a neutral rating to a sell rating in a research report on Friday, June 2nd. Benchmark Co. started coverage on Autohome in a research report on Tuesday, April 18th. They issued a hold rating on the stock. Finally, HSBC Holdings plc reaffirmed a buy rating and issued a $45.00 price objective (up from $36.00) on shares of Autohome in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Autohome presently has a consensus rating of Hold and an average target price of $39.25.

Shares of Autohome (ATHM) opened at 48.71 on Monday. Autohome has a 52 week low of $20.84 and a 52 week high of $49.59. The company has a 50 day moving average of $46.16 and a 200-day moving average of $37.30. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 29.15 and a beta of 2.24.

Autohome (NYSE:ATHM) last released its quarterly earnings data on Wednesday, May 10th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.12. The business had revenue of $195.90 million for the quarter, compared to analysts’ expectations of $189.69 million. Autohome had a return on equity of 21.42% and a net margin of 21.10%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. On average, equities research analysts expect that Autohome will post $2.10 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in Autohome by 7.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,043,201 shares of the information services provider’s stock valued at $223,762,000 after buying an additional 485,755 shares during the period. Vontobel Asset Management Inc. raised its stake in Autohome by 2,290.1% in the second quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock valued at $206,105,000 after buying an additional 4,283,910 shares during the period. Investec Asset Management LTD bought a new stake in Autohome during the first quarter valued at approximately $52,283,000. Macquarie Group Ltd. bought a new stake in Autohome during the fourth quarter valued at approximately $40,810,000. Finally, Wells Fargo & Company MN raised its stake in Autohome by 22.5% in the first quarter. Wells Fargo & Company MN now owns 1,581,317 shares of the information services provider’s stock valued at $50,239,000 after buying an additional 290,046 shares during the period. Hedge funds and other institutional investors own 33.84% of the company’s stock.

About Autohome

Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.

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Analyst Recommendations for Autohome (NYSE:ATHM)

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