Autohome Inc (NYSE:ATHM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

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 equities research analysts have also recently commented on ATHM. Brean Capital reaffirmed a “buy” rating on shares of Autohome in a report on Tuesday, May 24th. Credit Suisse Group AG cut shares of Autohome from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $31.50 to $18.00 in a report on Tuesday, June 28th. Credit Agricole SA raised shares of Autohome from an “underperform” rating to a “buy” rating in a report on Wednesday, August 17th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Autohome in a report on Wednesday, August 31st. They issued a “neutral” rating and a $25.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Autohome has a consensus rating of “Hold” and an average target price of $31.06.

Analyst Recommendations for Autohome (NYSE:ATHM)

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Autohome (NYSE:ATHM) traded up 1.52% during midday trading on Tuesday, reaching $24.04. The company’s stock had a trading volume of 374,314 shares. Autohome has a 12 month low of $19.32 and a 12 month high of $37.73. The stock has a 50-day moving average price of $24.05 and a 200 day moving average price of $25.32. The company has a market cap of $2.73 billion, a PE ratio of 16.73 and a beta of 2.11.

Autohome (NYSE:ATHM) last posted its quarterly earnings results on Tuesday, August 16th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The company earned $207.40 million during the quarter, compared to the consensus estimate of $207.38 million. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. Analysts expect that Autohome will post $1.72 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Greenwoods Asset Management Ltd raised its position in Autohome by 126.3% in the first quarter. Greenwoods Asset Management Ltd now owns 1,290,000 shares of the company’s stock worth $36,043,000 after buying an additional 720,000 shares during the period. All Stars Investment Ltd purchased a new position in Autohome during the second quarter worth approximately $6,772,000. Value Partners Ltd. ADV purchased a new position in Autohome during the second quarter worth approximately $6,033,000. Contrarius Investment Management Ltd raised its position in Autohome by 38.0% in the second quarter. Contrarius Investment Management Ltd now owns 1,056,704 shares of the company’s stock worth $21,250,000 after buying an additional 290,776 shares during the period. Finally, Serenity Capital Management Ltd raised its position in Autohome by 200.7% in the first quarter. Serenity Capital Management Ltd now owns 426,965 shares of the company’s stock worth $11,929,000 after buying an additional 284,965 shares during the period.

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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