Autohome (NYSE:ATHM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage presently has a $99.00 price target on the information services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 15.44% 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. “
ATHM has been the subject of a number of other research reports. ValuEngine lowered Autohome from a “hold” rating to a “sell” rating in a report on Saturday. Citigroup began coverage on Autohome in a report on Tuesday, January 2nd. They issued a “buy” rating and a $83.00 target price for the company. Two investment analysts have rated the stock with a sell rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $73.97.
Autohome (NYSE:ATHM) last released its earnings results on Wednesday, March 7th. The information services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. The company had revenue of $269.20 million during the quarter, compared to analyst estimates of $266.37 million. Autohome had a return on equity of 25.51% and a net margin of 32.35%. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. sell-side analysts forecast that Autohome will post 3.01 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. raised its holdings in shares of Autohome by 100.4% during the third quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock worth $110,000 after acquiring an additional 915 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in shares of Autohome during the fourth quarter worth $200,000. Suntrust Banks Inc. purchased a new stake in shares of Autohome during the fourth quarter worth $216,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Autohome during the fourth quarter worth $224,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of Autohome during the third quarter worth $246,000. Institutional investors own 40.81% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was first posted by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.tickerreport.com/banking-finance/3260547/autohome-athm-upgraded-to-buy-at-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Autohome Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autohome and related companies with MarketBeat.com's FREE daily email newsletter.