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 report released 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. “
ATHM has been the topic of a number of other research reports. Brean Capital reiterated a “buy” rating on shares of Autohome in a research report on Tuesday, June 21st. Credit Suisse Group AG downgraded Autohome from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $31.50 to $18.00 in a research report on Tuesday, June 28th. Credit Agricole SA upgraded Autohome from an “underperform” rating to a “buy” rating in a research report on Wednesday, August 17th. Finally, JPMorgan Chase & Co. began coverage on Autohome in a research report on Wednesday, August 31st. They issued a “neutral” rating and a $25.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.06.
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Autohome (NYSE:ATHM) traded up 1.47% during midday trading on Tuesday, hitting $25.61. The company’s stock had a trading volume of 288,637 shares. The company has a market cap of $2.91 billion, a PE ratio of 17.81 and a beta of 2.10. Autohome has a 52-week low of $19.32 and a 52-week high of $37.73. The stock has a 50 day moving average of $24.67 and a 200 day moving average of $25.09.
Autohome (NYSE:ATHM) last posted its earnings results on Tuesday, August 16th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $207.40 million for the quarter, compared to the consensus estimate of $207.38 million. Autohome had a return on equity of 22.16% and a net margin of 24.95%. The business’s quarterly revenue was up 49.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, equities analysts expect that Autohome will post $1.71 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in ATHM. Stifel Financial Corp increased its stake in Autohome by 3.1% in the second quarter. Stifel Financial Corp now owns 39,851 shares of the company’s stock worth $801,000 after buying an additional 1,202 shares during the last quarter. Royal Bank of Canada increased its stake in Autohome by 45.6% in the first quarter. Royal Bank of Canada now owns 6,379 shares of the company’s stock worth $179,000 after buying an additional 1,998 shares during the last quarter. US Bancorp DE increased its stake in Autohome by 7.4% in the second quarter. US Bancorp DE now owns 38,267 shares of the company’s stock worth $769,000 after buying an additional 2,636 shares during the last quarter. Wesbanco Bank Inc. increased 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. Finally, Creative Planning purchased a new stake in Autohome during the third quarter worth $132,000. Institutional investors and hedge funds own 22.07% of the company’s stock.
Autohome Company Profile
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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