Autohome Coverage Initiated at Brean Capital (ATHM)
Investment analysts at Brean Capital started coverage on shares of Autohome (NASDAQ:ATHM) in a note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Autohome (NASDAQ:ATHM) traded up 6.58% during mid-day trading on Monday, hitting $49.06. 1,702,271 shares of the company’s stock traded hands. Autohome has a 1-year low of $26.51 and a 1-year high of $51.98. The stock has a 50-day moving average of $36.57 and a 200-day moving average of $36.05. The company has a market cap of $5.169 billion and a P/E ratio of 50.58.
Autohome (NASDAQ:ATHM) last announced its earnings results on Thursday, August 7th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.64 by $1.33. The company had revenue of $81.69 million for the quarter, compared to the consensus estimate of $482.80 million. Autohome’s revenue was up 71.8% compared to the same quarter last year. On average, analysts predict that Autohome will post $6.56 earnings per share for the current fiscal year.
Autohome Inc is an online destination for automobile consumers in China. Through its two Websites, autohome.
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