Autohome (ATHM) Downgraded to “Hold” at Zacks Investment Research

Autohome (NYSE:ATHM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

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. “

Several other research analysts have also recently weighed in on the company. Citigroup assumed coverage on Autohome in a research report on Tuesday, January 2nd. They issued a “buy” rating and a $83.00 price objective on the stock. Benchmark boosted their price objective on Autohome from $65.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Deutsche Bank boosted their price objective on Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Finally, BidaskClub raised Autohome from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Autohome has a consensus rating of “Buy” and an average target price of $68.97.

Autohome (ATHM) traded up $3.95 during mid-day trading on Monday, reaching $78.33. The company’s stock had a trading volume of 956,709 shares, compared to its average volume of 878,859. Autohome has a twelve month low of $28.63 and a twelve month high of $86.86. The stock has a market capitalization of $9,030.00, a PE ratio of 33.76 and a beta of 2.28.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. lifted its position in shares of Autohome by 100.4% during the 3rd quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock valued at $110,000 after buying an additional 915 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Autohome by 176.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,530 shares of the information services provider’s stock valued at $1,027,000 after buying an additional 2,251 shares during the last quarter. Telemus Capital LLC lifted its position in shares of Autohome by 52.2% during the 4th quarter. Telemus Capital LLC now owns 7,611 shares of the information services provider’s stock valued at $492,000 after buying an additional 2,611 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in shares of Autohome during the 4th quarter valued at $224,000. Finally, Suntrust Banks Inc. purchased a new position in shares of Autohome during the 4th quarter valued at $216,000. 39.91% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Autohome (ATHM) Downgraded to “Hold” at Zacks Investment Research” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/12/autohome-athm-downgraded-to-hold-at-zacks-investment-research.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.

Get a free copy of the Zacks research report on Autohome (ATHM)

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.

Leave a Reply