Autohome Inc. (NYSE:ATHM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a $71.00 price target on the information services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 21.60% from the company’s current price.
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. “
A number of other brokerages have also recently commented on ATHM. Deutsche Bank AG upgraded Autohome from a “hold” rating to a “buy” rating and increased their price target for the company from $36.00 to $65.00 in a research note on Thursday, August 10th. ValuEngine cut Autohome from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub cut Autohome from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 30th. Credit Suisse Group started coverage on Autohome in a research note on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 price target for the company. Finally, Benchmark Co. upgraded Autohome from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $63.36.
Autohome (NYSE ATHM) traded down 5.55% during midday trading on Thursday, hitting $58.39. The stock had a trading volume of 1,364,806 shares. Autohome has a 1-year low of $22.07 and a 1-year high of $67.69. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 30.05 and a beta of 2.16. The company has a 50-day moving average of $63.75 and a 200-day moving average of $48.17.
Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.14. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The company had revenue of $230.40 million during the quarter, compared to analysts’ expectations of $209.49 million. During the same period in the prior year, the company earned $0.51 EPS. Autohome’s revenue was up 11.1% compared to the same quarter last year. Equities research analysts forecast that Autohome will post $2.44 EPS for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. NN Investment Partners Holdings N.V. acquired a new stake in Autohome in the second quarter valued at $110,000. Alta Advisers Ltd acquired a new stake in Autohome in the second quarter valued at $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Autohome in the second quarter valued at $213,000. M&T Bank Corp acquired a new stake in Autohome in the second quarter valued at $245,000. Finally, Profund Advisors LLC acquired a new stake in Autohome in the second quarter valued at $264,000. Institutional investors own 40.31% 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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