Zacks Investment Research upgraded shares of Autohome Inc. (NYSE:ATHM) from a hold rating to a buy rating in a research report released on Monday, July 10th. They currently have $51.00 price target 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. “
Other equities analysts have also issued reports about the stock. UBS AG lowered shares of Autohome from a neutral rating to a sell rating in a report on Friday, June 2nd. HSBC Holdings plc reissued a buy rating and issued a $45.00 price target (up previously from $36.00) on shares of Autohome in a report on Monday, May 15th. Finally, Benchmark Co. initiated coverage on shares of Autohome in a research note on Tuesday, April 18th. They set a hold rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $39.25.
Shares of Autohome (NYSE ATHM) traded down 1.30% on Monday, hitting $47.82. 636,483 shares of the stock traded hands. The stock has a 50-day moving average price of $46.40 and a 200 day moving average price of $37.70. Autohome has a 52 week low of $21.42 and a 52 week high of $49.59. The firm has a market cap of $5.53 billion, a P/E ratio of 28.69 and a beta of 2.25.
Autohome (NYSE:ATHM) last posted its quarterly earnings results on Wednesday, May 10th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.12. Autohome had a net margin of 21.10% and a return on equity of 21.42%. The company had revenue of $195.90 million during the quarter, compared to analyst estimates of $189.69 million. During the same period last year, the firm posted $0.39 EPS. Autohome’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities research analysts predict that Autohome will post $2.12 EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in Autohome during the second quarter worth $517,000. NN Investment Partners Holdings N.V. purchased a new stake in Autohome during the second quarter worth $110,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Autohome during the second quarter worth $213,000. Acadian Asset Management LLC purchased a new stake in Autohome during the first quarter worth $154,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in Autohome during the second quarter worth $277,000. Institutional investors own 34.30% of the company’s stock.
Autohome Company Profile
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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