Autohome Inc. (ATHM) Stock Rating Upgraded by Deutsche Bank AG

Autohome Inc. (NYSE:ATHM) was upgraded by investment analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage currently has a $65.00 price target on the information services provider’s stock, up from their prior price target of $36.00. Deutsche Bank AG’s price target would suggest a potential upside of 5.66% from the stock’s previous close.

Other analysts also recently issued reports about the stock. UBS AG downgraded shares of Autohome from a “neutral” rating to a “sell” rating in a research report on Friday, June 2nd. ValuEngine downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Monday, July 10th. HSBC Holdings plc reissued a “buy” rating and issued a $45.00 target price (up from $36.00) on shares of Autohome in a research report on Monday, May 15th. Finally, Benchmark Co. assumed coverage on shares of Autohome in a research report on Tuesday, April 18th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $50.20.

Autohome (NYSE:ATHM) opened at 61.52 on Thursday. Autohome has a one year low of $21.90 and a one year high of $62.20. The firm has a 50 day moving average of $48.04 and a 200-day moving average of $38.81. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 32.55 and a beta of 2.25.

Autohome (NYSE:ATHM) last announced its quarterly earnings data 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. The firm had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Equities research analysts forecast that Autohome will post $2.33 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. US Bancorp DE increased its stake in Autohome by 0.8% in the first quarter. US Bancorp DE now owns 48,226 shares of the information services provider’s stock valued at $1,532,000 after buying an additional 386 shares in the last quarter. Global X Management Co. LLC increased its stake in Autohome by 7.2% in the second quarter. Global X Management Co. LLC now owns 10,625 shares of the information services provider’s stock valued at $482,000 after buying an additional 714 shares in the last quarter. California Public Employees Retirement System increased its stake in Autohome by 0.8% in the second quarter. California Public Employees Retirement System now owns 154,400 shares of the information services provider’s stock valued at $7,004,000 after buying an additional 1,200 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Autohome during the second quarter valued at about $517,000. Finally, Neuberger Berman Group LLC increased its stake in Autohome by 6.0% in the second quarter. Neuberger Berman Group LLC now owns 42,382 shares of the information services provider’s stock valued at $1,922,000 after buying an additional 2,385 shares in the last quarter. 34.15% of the stock is owned by institutional investors and hedge funds.

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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