Autohome Reaches New 1-Year High at $54.71 (ATHM)
Autohome (NASDAQ:ATHM)’s share price reached a new 52-week high during trading on Monday , ARN reports. The company traded as high as $54.71 and last traded at $53.45, with a volume of 2,289,912 shares trading hands. The stock had previously closed at $49.54.
Separately, analysts at Brean Capital initiated coverage on shares of Autohome in a research note on Monday, August 18th. They set a “buy” rating and a $55.00 price target on the stock. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Autohome currently has a consensus rating of “Hold” and a consensus target price of $43.00.
The stock has a 50-day moving average of $38.33 and a 200-day moving average of $36.65. The company has a market cap of $5.707 billion and a price-to-earnings ratio of 54.44.
Autohome (NASDAQ:ATHM) last posted its quarterly 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 $6.53 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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