Autohome (ATHM) Earns Buy Rating from Analysts at Citigroup

Research analysts at Citigroup started coverage on shares of Autohome (NYSE:ATHM) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating on the information services provider’s stock.

ATHM has been the topic of several other reports. BidaskClub downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a research report on Thursday, October 12th. Credit Suisse Group started coverage on shares of Autohome in a research report on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 price target on the stock. Deutsche Bank increased their price objective on shares of Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Finally, Benchmark increased their price objective on shares of Autohome from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $66.16.

Autohome (ATHM) traded up $0.21 on Tuesday, reaching $64.67. 243,900 shares of the company’s stock traded hands, compared to its average volume of 974,393. Autohome has a fifty-two week low of $25.00 and a fifty-two week high of $67.69. The company has a market capitalization of $7,641.56, a P/E ratio of 31.24 and a beta of 2.06.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. grew its stake in Autohome by 100.4% during the third quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock valued at $110,000 after acquiring an additional 915 shares in the last quarter. M&T Bank Corp purchased a new position in Autohome during the second quarter valued at $245,000. Virginia Retirement Systems ET AL purchased a new position in Autohome during the third quarter valued at $246,000. Cambridge Investment Research Advisors Inc. purchased a new position in Autohome during the third quarter valued at $247,000. Finally, Mackenzie Financial Corp purchased a new position in Autohome during the third quarter valued at $258,000. 38.84% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This story was first published by American Banking and Market News and is the sole property of of American Banking and Market News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.americanbankingnews.com/2018/01/02/autohome-athm-earns-buy-rating-from-analysts-at-citigroup.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.