Zacks Investment Research Upgrades Autohome (NYSE:ATHM) to “Hold”

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Zacks Investment Research upgraded shares of Autohome (NYSE:ATHM) from a sell rating to a hold rating in a research report released on Monday, Zacks.com reports.

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. “

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. set a $75.00 price objective on shares of Autohome and gave the stock a hold rating in a research note on Monday, August 12th. Sanford C. Bernstein assumed coverage on shares of Autohome in a research note on Thursday, June 27th. They set an outperform rating and a $110.00 price objective on the stock. Citigroup reissued a buy rating and set a $110.00 price objective (down previously from $125.00) on shares of Autohome in a research note on Friday, July 5th. Mizuho assumed coverage on shares of Autohome in a research note on Friday, September 6th. They set a neutral rating and a $84.10 price objective on the stock. Finally, Macquarie set a $105.00 price objective on shares of Autohome and gave the stock a buy rating in a research note on Thursday, July 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Autohome presently has a consensus rating of Hold and an average price target of $103.51.

Autohome stock opened at $94.57 on Monday. The company’s 50 day simple moving average is $85.25 and its 200 day simple moving average is $92.46. Autohome has a fifty-two week low of $61.43 and a fifty-two week high of $117.99. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 1.26 and a beta of 1.40.

Autohome (NYSE:ATHM) last released its quarterly earnings data on Wednesday, August 7th. The information services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01. Autohome had a net margin of 39.33% and a return on equity of 29.47%. The business had revenue of $336.30 million for the quarter, compared to analyst estimates of $331.00 million. During the same quarter last year, the firm earned $0.88 EPS. Autohome’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, research analysts anticipate that Autohome will post 3.97 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Kavar Capital Partners LLC bought a new position in Autohome in the second quarter valued at approximately $70,000. Assetmark Inc. lifted its stake in Autohome by 75.3% in the second quarter. Assetmark Inc. now owns 829 shares of the information services provider’s stock valued at $71,000 after buying an additional 356 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Autohome in the first quarter valued at approximately $106,000. Atlas Capital Advisors LLC bought a new position in Autohome in the second quarter valued at approximately $95,000. Finally, SevenBridge Financial Group LLC lifted its stake in Autohome by 26.3% in the second quarter. SevenBridge Financial Group LLC now owns 1,192 shares of the information services provider’s stock valued at $102,000 after buying an additional 248 shares in the last quarter. 54.10% of the stock is currently owned by hedge funds and other institutional investors.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.

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