Zacks Investment Research lowered shares of Autohome Inc. (NYSE:ATHM) from a buy rating to a hold rating in a research note published on Friday, July 7th.
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 analysts have also recently commented on ATHM. UBS AG cut shares of Autohome from a neutral rating to a sell rating in a research note on Friday, June 2nd. Benchmark Co. assumed coverage on shares of Autohome in a research note on Tuesday, April 18th. They issued a hold rating for the company. Finally, HSBC Holdings plc restated a buy rating and issued a $45.00 target price (up previously from $36.00) on shares of Autohome in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Autohome currently has a consensus rating of Hold and an average target price of $39.25.
Autohome (NYSE:ATHM) traded up 2.40% on Friday, reaching $48.71. 310,058 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $46.16 and a 200-day moving average price of $37.30. The company has a market capitalization of $5.63 billion, a P/E ratio of 29.15 and a beta of 2.24. Autohome has a 1-year low of $20.84 and a 1-year high of $49.59.
Autohome (NYSE:ATHM) last released its earnings results on Wednesday, May 10th. The information services provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $189.69 million. During the same quarter last year, the business earned $0.39 EPS. The business’s revenue was up 15.3% on a year-over-year basis. Equities research analysts expect that Autohome will post $2.10 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/07/28/autohome-inc-nyseathm-rating-lowered-to-hold-at-zacks-investment-research-updated-updated.html.
Institutional investors have recently made changes to their positions in the stock. World Asset Management Inc bought a new position in shares of Autohome during the second quarter worth about $309,000. State of New Jersey Common Pension Fund D bought a new position in shares of Autohome during the second quarter worth about $675,000. Great West Life Assurance Co. Can bought a new position in shares of Autohome during the second quarter worth about $1,073,000. Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of Autohome during the second quarter worth about $2,361,000. Finally, Shell Asset Management Co. bought a new position in shares of Autohome during the second quarter worth about $2,089,000. Institutional investors and hedge funds own 33.84% 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.
Get a free copy of the Zacks research report on Autohome (ATHM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Autohome Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Autohome Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.