Autohome Inc (ATHM) Receives Buy Rating from HSBC Holdings plc
Autohome Inc (NYSE:ATHM)‘s stock had its “buy” rating reissued by stock analysts at HSBC Holdings plc in a research report issued on Monday. They currently have a $45.00 target price on the information services provider’s stock, up from their prior target price of $36.00. HSBC Holdings plc’s target price would suggest a potential upside of 18.51% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Friday. Benchmark Co. assumed coverage on shares of Autohome in a research note on Tuesday, April 18th. They set a “hold” rating on the stock. Deutsche Bank AG cut shares of Autohome from a “buy” rating to a “hold” rating and upped their price target for the stock from $35.00 to $36.00 in a research note on Monday, March 6th. Finally, TheStreet raised shares of Autohome from a “c+” rating to a “b-” rating in a research note on Friday, February 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.83.
Shares of Autohome (NYSE:ATHM) traded up 2.40% during mid-day trading on Monday, reaching $37.97. 876,648 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $32.97 and a 200 day moving average price of $30.06. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 23.22 and a beta of 2.21. Autohome has a 12-month low of $19.32 and a 12-month high of $39.20.
Autohome (NYSE:ATHM) last posted its quarterly earnings results on Wednesday, May 10th. The information services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.12. Autohome had a net margin of 22.70% and a return on equity of 21.34%. The business had revenue of $195.90 million for the quarter, compared to analysts’ expectations of $189.69 million. During the same period in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 15.3% on a year-over-year basis. Analysts anticipate that Autohome will post $2.02 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in Autohome during the first quarter valued at approximately $154,000. RGT Capital Management Ltd. acquired a new stake in Autohome during the first quarter valued at approximately $245,000. Quantbot Technologies LP acquired a new stake in Autohome during the first quarter valued at approximately $272,000. Bank of New York Mellon Corp acquired a new stake in Autohome during the first quarter valued at approximately $292,000. Finally, Koch Industries Inc. acquired a new stake in Autohome during the fourth quarter valued at approximately $274,000. Institutional investors and hedge funds own 22.49% 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.
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.