BidaskClub downgraded shares of Autohome Inc. (NYSE:ATHM) from a buy rating to a hold rating in a research report released on Friday, October 27th.
A number of other research analysts also recently commented on ATHM. Deutsche Bank AG upgraded shares of Autohome from a hold rating to a buy rating and increased their price objective for the company from $36.00 to $65.00 in a research note on Thursday, August 10th. ValuEngine downgraded shares of Autohome from a buy rating to a hold rating in a research report on Thursday, August 10th. Benchmark Co. upgraded shares of Autohome from a hold rating to a buy rating and set a $65.00 price target on the stock in a research report on Thursday, August 10th. Credit Suisse Group assumed 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. Finally, Zacks Investment Research upgraded shares of Autohome from a hold rating to a buy rating and set a $51.00 price target on the stock in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $66.56.
Autohome (NYSE ATHM) traded down $1.65 during midday trading on Friday, reaching $61.50. 419,300 shares of the company’s stock were exchanged, compared to its average volume of 1,017,381. Autohome has a 12-month low of $22.07 and a 12-month high of $67.69. The company has a market cap of $7,461.95, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 1.57 and a beta of 2.12.
Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.14. Autohome had a net margin of 25.52% and a return on equity of 23.48%. The firm had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. sell-side analysts expect that Autohome will post 2.14 EPS for the current fiscal year.
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The firm also recently declared a special dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be given a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd.
A number of large investors have recently modified their holdings of ATHM. Bank of New York Mellon Corp bought a new stake in Autohome in the 1st quarter valued at about $292,000. Wellington Management Group LLP bought a new stake in Autohome in the 1st quarter valued at about $1,487,000. Renaissance Technologies LLC lifted its position in Autohome by 91.7% in the 1st quarter. Renaissance Technologies LLC now owns 247,100 shares of the information services provider’s stock valued at $7,850,000 after purchasing an additional 118,200 shares during the last quarter. Handelsbanken Fonder AB bought a new stake in Autohome in the 2nd quarter valued at about $9,253,000. Finally, Xact Kapitalforvaltning AB bought a new stake in Autohome in the 2nd quarter valued at about $277,000. Hedge funds and other institutional investors own 40.37% of the company’s stock.
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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