Autohome Inc. (ATHM) Stock Rating Upgraded by Zacks Investment Research
Autohome Inc. (NYSE:ATHM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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. “
Other research analysts have also issued research reports about the stock. Credit Agricole SA raised shares of Autohome from an “underperform” rating to a “buy” rating in a research note on Wednesday, August 17th. Brean Capital reissued a “buy” rating on shares of Autohome in a research note on Wednesday, August 31st. JPMorgan Chase & Co. began coverage on shares of Autohome in a research note on Wednesday, August 31st. They issued a “neutral” rating and a $25.00 price objective for the company. Finally, Credit Suisse Group AG lowered shares of Autohome from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $31.50 to $18.00 in a research note on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.06.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/18/autohome-inc-athm-stock-rating-upgraded-by-zacks-investment-research-2.html
Shares of Autohome (NYSE:ATHM) traded up 1.47% on Tuesday, reaching $25.61. 288,637 shares of the company’s stock were exchanged. Autohome has a one year low of $19.32 and a one year high of $37.73. The firm has a market capitalization of $2.91 billion, a P/E ratio of 17.81 and a beta of 2.10. The firm has a 50 day moving average of $24.67 and a 200 day moving average of $25.09.
Autohome (NYSE:ATHM) last announced its earnings results on Tuesday, August 16th. The company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company earned $207.40 million during the quarter, compared to analyst estimates of $207.38 million. Autohome had a net margin of 24.95% and a return on equity of 22.16%. Autohome’s revenue was up 49.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. On average, equities research analysts predict that Autohome will post $1.71 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of ATHM. Creative Planning purchased a new position in shares of Autohome during the third quarter worth about $132,000. Royal Bank of Canada increased its position in shares of Autohome by 37.5% in the second quarter. Royal Bank of Canada now owns 8,770 shares of the company’s stock worth $177,000 after buying an additional 2,391 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Autohome by 2,506.6% in the second quarter. JPMorgan Chase & Co. now owns 10,192 shares of the company’s stock worth $205,000 after buying an additional 9,801 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Autohome during the second quarter worth $298,000. Finally, Wesbanco Bank Inc. boosted its stake in Autohome by 43.4% in the second quarter. Wesbanco Bank Inc. now owns 15,275 shares of the company’s stock worth $307,000 after buying an additional 4,620 shares during the last quarter. Institutional investors own 22.07% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Autohome Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autohome Inc. and related companies with MarketBeat.com's FREE daily email newsletter.