Zacks Investment Research upgraded shares of Autohome Inc. (NYSE:ATHM) from a hold rating to a buy rating in a research note published on Friday, May 12th. The brokerage currently has $42.00 target price 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. “
A number of other analysts have also issued reports on the stock. TheStreet upgraded shares of Autohome from a c+ rating to a b- rating in a research report on Friday, February 24th. Benchmark Co. initiated coverage on shares of Autohome in a research report on Tuesday, April 18th. They set a hold rating on the stock. Finally, Deutsche Bank AG lowered shares of Autohome from a buy rating to a hold rating and lifted their price target for the company from $35.00 to $36.00 in a report on Monday, March 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $33.20.
Autohome (NYSE:ATHM) traded up 0.99% during trading on Friday, hitting $43.94. The stock had a trading volume of 533,014 shares. Autohome has a 52-week low of $19.32 and a 52-week high of $46.48. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 26.74 and a beta of 2.24. The firm’s 50-day moving average price is $40.71 and its 200-day moving average price is $33.21.
Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, May 10th. The information services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $189.69 million. During the same period last year, the company posted $0.39 earnings per share. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. Analysts predict that Autohome will post $2.07 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Autohome by 7.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,043,201 shares of the information services provider’s stock valued at $223,762,000 after buying an additional 485,755 shares during the period. Greenwoods Asset Management Ltd increased its stake in 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 during the last quarter. Investec Asset Management LTD bought a new stake in Autohome during the first quarter valued at $52,283,000. Macquarie Group Ltd. bought a new stake in Autohome during the fourth quarter valued at $40,810,000. Finally, Wells Fargo & Company MN increased its stake in Autohome by 22.5% in the first quarter. Wells Fargo & Company MN now owns 1,581,317 shares of the information services provider’s stock valued at $50,239,000 after buying an additional 290,046 shares during the last quarter. 29.91% of the stock is currently owned by hedge funds and other institutional investors.
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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