Zacks Investment Research Downgrades Autohome Inc. (ATHM) to Hold

Zacks Investment Research cut shares of Autohome Inc. (NYSE:ATHM) from a buy rating to a hold rating in a report issued 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 research analysts have also recently issued reports on the company. UBS AG cut Autohome from a neutral rating to a sell rating in a research note on Friday, June 2nd. HSBC Holdings plc reaffirmed a buy rating and set a $45.00 target price (up previously from $36.00) on shares of Autohome in a research report on Monday, May 15th. Finally, Benchmark Co. assumed coverage on Autohome in a research report on Tuesday, April 18th. They set a hold rating on the stock. One research 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. The stock has a consensus rating of Hold and an average target price of $39.25.

Autohome (NYSE:ATHM) traded down 1.30% during mid-day trading on Friday, hitting $47.82. The stock had a trading volume of 636,483 shares. The firm has a market cap of $5.51 billion, a PE ratio of 31.46 and a beta of 2.25. The company’s 50 day moving average price is $46.40 and its 200 day moving average price is $37.70. Autohome has a 52 week low of $21.90 and a 52 week high of $49.59.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, May 10th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.12. Autohome had a return on equity of 21.42% and a net margin of 21.10%. The company had revenue of $195.90 million for the quarter, compared to analysts’ expectations of $189.69 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Autohome’s revenue was up 15.3% compared to the same quarter last year. Analysts anticipate that Autohome will post $2.12 earnings per share for the current year.

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Large investors have recently made changes to their positions in the company. Macquarie Group Ltd. bought a new stake in shares of Autohome during the fourth quarter valued at $40,810,000. Russell Investments Group Ltd. bought a new stake in shares of Autohome during the fourth quarter valued at $3,232,000. Origin Asset Management LLP bought a new stake in shares of Autohome during the first quarter valued at $7,526,000. Oxford Asset Management bought a new stake in shares of Autohome during the first quarter valued at $1,706,000. Finally, Vontobel Asset Management Inc. boosted its stake in Autohome by 3.2% in the first quarter. Vontobel Asset Management Inc. now owns 187,064 shares of the information services provider’s stock worth $5,945,000 after buying an additional 5,879 shares during the period. 34.30% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Autohome (NYSE:ATHM)

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