Autohome (NYSE:ATHM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage presently has a $99.00 price target on the information services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 14.16% 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. “
ATHM has been the topic of a number of other reports. ValuEngine lowered Autohome from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup assumed coverage on Autohome in a research report on Tuesday, January 2nd. They set a “buy” rating and a $83.00 target price on the stock. Two investment analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $73.97.
Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, March 7th. The information services provider reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The business had revenue of $269.20 million during the quarter, compared to analyst estimates of $266.37 million. Autohome had a return on equity of 25.51% and a net margin of 32.35%. The company’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share. research analysts expect that Autohome will post 3.01 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB raised its position in shares of Autohome by 1.9% during the fourth quarter. Handelsbanken Fonder AB now owns 217,000 shares of the information services provider’s stock worth $14,033,000 after purchasing an additional 4,000 shares during the period. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in Autohome during the fourth quarter valued at $200,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Autohome by 26.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,800 shares of the information services provider’s stock valued at $957,000 after buying an additional 3,100 shares during the period. Karst Peak Capital Ltd acquired a new position in Autohome during the fourth quarter valued at $69,231,000. Finally, Macquarie Group Ltd. raised its position in Autohome by 101.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,465,144 shares of the information services provider’s stock valued at $76,836,000 after buying an additional 737,336 shares during the period. 40.81% of the stock is currently owned by institutional investors.
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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