Autohome Inc. (NYSE:ATHM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday. The brokerage currently has a $71.00 price target on the information services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 21.60% from the company’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. “

Other equities analysts also recently issued research reports about the company. Benchmark Co. raised Autohome from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, August 10th. Deutsche Bank AG raised Autohome from a “hold” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $65.00 in a research report on Thursday, August 10th. BidaskClub downgraded Autohome from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 30th. ValuEngine downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Credit Suisse Group initiated coverage on Autohome in a research report on Tuesday, October 3rd. They set an “outperform” rating and a $70.80 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.36.

Shares of Autohome (NYSE:ATHM) traded down 5.55% during mid-day trading on Thursday, reaching $58.39. The company had a trading volume of 1,364,806 shares. Autohome has a 12 month low of $22.07 and a 12 month high of $67.69. The firm’s 50-day moving average is $63.75 and its 200 day moving average is $48.17. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 30.05 and a beta of 2.16.

Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. The firm had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. On average, equities research analysts predict that Autohome will post $2.44 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of ATHM. Vontobel Asset Management Inc. grew its position in shares of Autohome by 2,290.1% in the second quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock valued at $206,105,000 after purchasing an additional 4,283,910 shares during the last quarter. BlackRock Inc. grew its position in shares of Autohome by 1,380.8% in the second quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock valued at $202,938,000 after purchasing an additional 4,171,817 shares during the last quarter. Comgest Global Investors S.A.S. grew its position in shares of Autohome by 969.5% in the second quarter. Comgest Global Investors S.A.S. now owns 1,286,647 shares of the information services provider’s stock valued at $58,362,000 after purchasing an additional 1,166,347 shares during the last quarter. State Street Corp grew its position in shares of Autohome by 1,384.9% in the second quarter. State Street Corp now owns 669,138 shares of the information services provider’s stock valued at $30,354,000 after purchasing an additional 624,076 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Autohome by 11,397.3% in the second quarter. Acadian Asset Management LLC now owns 555,550 shares of the information services provider’s stock valued at $25,199,000 after purchasing an additional 550,718 shares during the last quarter. 40.31% of the stock is currently owned by institutional investors.

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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