Brokerages Set Autohome Inc. (NYSE:ATHM) PT at $39.25

Autohome Inc. (NYSE:ATHM) has been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $50.20.

Several equities analysts have recently weighed in on the company. Benchmark Co. upgraded Autohome from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Thursday. Deutsche Bank AG upgraded Autohome from a “hold” rating to a “buy” rating and lifted their price target for the company from $36.00 to $65.00 in a research report on Thursday. ValuEngine cut Autohome from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Autohome from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Monday, July 10th. Finally, UBS AG cut Autohome from a “neutral” rating to a “sell” rating in a research report on Friday, June 2nd.

Autohome (NYSE:ATHM) traded up 8.865% during midday trading on Friday, reaching $61.465. The company had a trading volume of 2,335,907 shares. Autohome has a 12-month low of $21.90 and a 12-month high of $62.20. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 32.521 and a beta of 2.25. The stock’s 50 day moving average is $47.59 and its 200 day moving average is $38.58.

Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.14. The firm had revenue of $230.40 million for the quarter, compared to analyst estimates of $209.49 million. Autohome had a return on equity of 23.55% and a net margin of 23.17%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. Equities research analysts expect that Autohome will post $2.33 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of ATHM. Vontobel Asset Management Inc. boosted its position in Autohome by 2,290.1% in the second quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock valued at $206,105,000 after buying an additional 4,283,910 shares during the last quarter. BlackRock Inc. boosted its position in Autohome by 1,380.8% in the second quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock valued at $202,938,000 after buying an additional 4,171,817 shares during the last quarter. Investec Asset Management LTD acquired a new position in Autohome during the first quarter valued at approximately $52,283,000. Macquarie Group Ltd. acquired a new position in Autohome during the fourth quarter valued at approximately $40,810,000. Finally, Comgest Global Investors S.A.S. boosted its position in Autohome by 969.5% in the second quarter. Comgest Global Investors S.A.S. now owns 1,286,647 shares of the information services provider’s stock valued at $58,362,000 after buying an additional 1,166,347 shares during the last quarter. Institutional investors and hedge funds own 34.15% of the company’s stock.

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About Autohome

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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