Autohome Inc. (ATHM) Receives Consensus Recommendation of “Buy” from Brokerages
Autohome Inc. (NYSE:ATHM) has been assigned an average rating of “Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $63.36.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised Autohome from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research report on Thursday. Credit Suisse Group assumed coverage on Autohome in a research report on Tuesday, October 3rd. They set an “outperform” rating and a $70.80 target price on the stock. BidaskClub lowered Autohome from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 30th. Deutsche Bank AG raised Autohome from a “hold” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $65.00 in a research report on Thursday, August 10th. Finally, ValuEngine lowered Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th.
Institutional investors have recently made changes to their positions in the stock. Investec Asset Management LTD increased its holdings in Autohome by 20.9% in the second quarter. Investec Asset Management LTD now owns 1,989,109 shares of the information services provider’s stock valued at $90,226,000 after buying an additional 343,427 shares during the last quarter. Andra AP fonden bought a new stake in Autohome in the second quarter valued at about $2,477,000. Bank of Montreal Can increased its holdings in Autohome by 520.9% in the second quarter. Bank of Montreal Can now owns 35,607 shares of the information services provider’s stock valued at $1,615,000 after buying an additional 29,872 shares during the last quarter. Sloane Robinson LLP bought a new stake in Autohome in the second quarter valued at about $4,114,000. Finally, New York State Common Retirement Fund increased its holdings in Autohome by 489.0% in the second quarter. New York State Common Retirement Fund now owns 183,682 shares of the information services provider’s stock valued at $8,332,000 after buying an additional 152,499 shares during the last quarter. 40.31% of the stock is owned by hedge funds and other institutional investors.
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Autohome (ATHM) traded down 5.55% on Thursday, hitting $58.39. The stock had a trading volume of 1,364,806 shares. The stock has a market cap of $6.77 billion, a P/E ratio of 30.05 and a beta of 2.16. The company’s 50-day moving average is $63.75 and its 200-day moving average is $48.17. Autohome has a one year low of $22.07 and a one year high of $67.69.
Autohome (NYSE:ATHM) last announced its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.14. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The business had revenue of $230.40 million for the quarter, compared to analyst estimates of $209.49 million. During the same period in the previous year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts anticipate that Autohome will post $2.44 earnings per share for the current fiscal year.
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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