Zacks Investment Research lowered shares of Autohome Inc. (NYSE:ATHM) from a buy rating to a hold rating in a research report released 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 equities analysts have also commented on the stock. 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 report on Monday, May 15th. Benchmark Co. started coverage on shares of Autohome in a report on Tuesday, April 18th. They set a hold rating on the stock. Finally, UBS AG lowered shares of Autohome from a neutral rating to a sell rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $39.25.
Shares of Autohome (NYSE ATHM) opened at 47.60 on Friday. The company has a 50 day moving average of $45.40 and a 200 day moving average of $36.44. Autohome has a 52 week low of $19.60 and a 52 week high of $48.97. The company has a market cap of $5.50 billion, a PE ratio of 28.67 and a beta of 2.24.
Autohome (NYSE:ATHM) last released its earnings results on Wednesday, May 10th. The information services provider reported $0.41 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $189.69 million. During the same quarter last year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, analysts expect that Autohome will post $2.10 EPS for the current year.
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A number of large investors have recently made changes to their positions in ATHM. Macquarie Group Ltd. purchased a new stake in shares of Autohome during the fourth quarter worth about $40,810,000. Russell Investments Group Ltd. purchased a new stake in shares of Autohome during the fourth quarter worth about $3,232,000. Origin Asset Management LLP purchased a new stake in shares of Autohome during the first quarter worth about $7,526,000. Oxford Asset Management purchased a new stake in shares of Autohome during the first quarter worth about $1,706,000. Finally, Vontobel Asset Management Inc. raised its stake in shares of 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. 30.12% of the stock is currently owned by institutional investors and hedge funds.
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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