Autohome Inc. (NYSE:ATHM) Stock Rating Upgraded by Zacks Investment Research
Autohome Inc. (NYSE:ATHM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm currently has a $51.00 price target on the information services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 10.41% from the stock’s previous close.
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 research firms have also weighed in on ATHM. HSBC Holdings plc reaffirmed a “buy” rating and issued a $45.00 price objective (up from $36.00) on shares of Autohome in a research note on Monday, May 15th. Benchmark Co. assumed coverage on shares of Autohome in a research report on Tuesday, April 18th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Autohome presently has a consensus rating of “Buy” and an average price target of $39.25.
Shares of Autohome (NYSE:ATHM) traded up 2.07% during midday trading on Monday, reaching $46.92. 598,683 shares of the company’s stock traded hands. The stock has a market cap of $5.42 billion, a P/E ratio of 28.27 and a beta of 2.24. The stock has a 50 day moving average of $43.17 and a 200-day moving average of $34.34. Autohome has a 12 month low of $19.32 and a 12 month high of $47.03.
Autohome (NYSE:ATHM) last released its quarterly earnings data on Wednesday, May 10th. The information services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.12. Autohome had a net margin of 21.10% and a return on equity of 21.42%. The firm had revenue of $195.90 million for the quarter, compared to analyst estimates of $189.69 million. During the same period last year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, equities research analysts forecast that Autohome will post $2.10 EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in the company. Vontobel Asset Management boosted its position in Autohome by 1.4% in the fourth quarter. Vontobel Asset Management now owns 1,921,603 shares of the information services provider’s stock worth $67,845,000 after buying an additional 26,989 shares in the last quarter. DNB Asset Management bought a new position in Autohome during the fourth quarter worth approximately $4,445,491. Acadian Asset Management boosted its position in Autohome by 51.0% in the fourth quarter. Acadian Asset Management now owns 83,694 shares of the information services provider’s stock worth $2,921,000 after buying an additional 28,272 shares in the last quarter. Bank of America Corp DE boosted its position in Autohome by 350.5% in the fourth quarter. Bank of America Corp DE now owns 169,696 shares of the information services provider’s stock worth $5,926,000 after buying an additional 132,028 shares in the last quarter. Finally, Ruane Cunniff & Goldfarb Inc. bought a new position in Autohome during the fourth quarter worth approximately $3,302,000. 29.91% of the stock is owned by institutional investors and hedge funds.
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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