Zacks Investment Research upgraded shares of Autohome Inc (NYSE:ATHM) from a hold rating to a buy rating in a research report released on Friday. The brokerage currently has $42.00 price objective on the information services provider’s stock.
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 analysts have also issued reports about the stock. Deutsche Bank AG lowered shares of Autohome from a buy rating to a hold rating and lifted their price target for the stock from $35.00 to $36.00 in a research note on Monday, March 6th. TheStreet upgraded shares of Autohome from a c+ rating to a b- rating in a research note on Friday, February 24th. Finally, Benchmark Co. began coverage on shares of Autohome in a research note on Tuesday, April 18th. They issued a hold rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Autohome currently has a consensus rating of Hold and a consensus target price of $32.83.
Shares of Autohome (NYSE:ATHM) opened at 40.68 on Friday. The company has a market capitalization of $4.70 billion, a P/E ratio of 24.88 and a beta of 2.21. The firm has a 50-day moving average of $33.58 and a 200-day moving average of $30.44. Autohome has a 12 month low of $19.32 and a 12 month high of $40.82.
Autohome (NYSE:ATHM) last released its quarterly earnings data on Wednesday, May 10th. The information services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.12. The business had revenue of $195.90 million during the quarter, compared to analyst estimates of $189.69 million. Autohome had a net margin of 22.70% and a return on equity of 21.34%. Autohome’s revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. On average, equities analysts predict that Autohome will post $2.08 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of ATHM. Greenwoods Asset Management Ltd increased its position in shares of Autohome by 31.4% in the third quarter. Greenwoods Asset Management Ltd now owns 1,695,600 shares of the information services provider’s stock valued at $46,032,000 after buying an additional 405,600 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Autohome by 0.7% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 177,972 shares of the information services provider’s stock valued at $4,316,000 after buying an additional 1,160 shares in the last quarter. Summitview Investment Management increased its position in shares of Autohome by 50.1% in the third quarter. Summitview Investment Management now owns 544,723 shares of the information services provider’s stock valued at $13,210,000 after buying an additional 181,723 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Autohome by 6,240.5% in the third quarter. Hsbc Holdings PLC now owns 101,701 shares of the information services provider’s stock valued at $2,466,000 after buying an additional 100,097 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in shares of Autohome by 90.5% in the third quarter. OMERS ADMINISTRATION Corp now owns 28,200 shares of the information services provider’s stock valued at $684,000 after buying an additional 13,400 shares in the last quarter. 22.49% 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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