Autohome (ATHM) Upgraded by Zacks Investment Research to “Buy”
Autohome (NYSE:ATHM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $69.00 price target on the information services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 17.11% from the stock’s current price.
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 equities research analysts also recently commented on ATHM. Benchmark increased their price objective on Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. BidaskClub downgraded Autohome from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 30th. Credit Suisse Group started coverage on Autohome in a research report on Tuesday, October 3rd. They set an “outperform” rating and a $70.80 price objective for the company. Finally, Deutsche Bank increased their price objective on Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Autohome presently has an average rating of “Buy” and a consensus price target of $66.16.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vontobel Asset Management lifted its stake in Autohome by 1.4% during the fourth quarter. Vontobel Asset Management now owns 1,921,603 shares of the information services provider’s stock worth $67,845,000 after purchasing an additional 26,989 shares during the period. Acadian Asset Management increased its holdings in Autohome by 51.0% in the 4th quarter. Acadian Asset Management now owns 83,694 shares of the information services provider’s stock worth $2,921,000 after acquiring an additional 28,272 shares in the last quarter. DNB Asset Management purchased a new stake in Autohome during the 4th quarter valued at approximately $4,445,491. Russell Frank Co purchased a new stake in Autohome during the 4th quarter valued at approximately $9,779,000. Finally, First Trust Advisors LP grew its holdings in Autohome by 21.7% during the 4th quarter. First Trust Advisors LP now owns 45,927 shares of the information services provider’s stock valued at $1,604,000 after buying an additional 8,195 shares in the last quarter. Institutional investors own 38.84% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/14/autohome-athm-upgraded-by-zacks-investment-research-to-buy.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Autohome Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autohome and related companies with MarketBeat.com's FREE daily email newsletter.