Brokerages Set Autohome Inc (ATHM) Target Price at $66.16

Autohome Inc (NYSE:ATHM) has received an average rating of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $66.16.

Several brokerages recently commented on ATHM. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a report on Thursday, December 14th. Benchmark increased their target price on shares of Autohome from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. BidaskClub cut shares of Autohome from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 30th. Credit Suisse Group began coverage on shares of Autohome in a report on Tuesday, October 3rd. They set an “outperform” rating and a $70.80 target price for the company. Finally, Deutsche Bank upped their price target on shares of Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th.

Several institutional investors and hedge funds have recently modified their holdings of ATHM. Aperio Group LLC bought a new position in shares of Autohome in the second quarter valued at about $290,000. Great West Life Assurance Co. Can acquired a new position in shares of Autohome in the second quarter valued at about $1,073,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Autohome in the second quarter valued at about $517,000. State of Wisconsin Investment Board acquired a new position in shares of Autohome in the second quarter valued at about $1,523,000. Finally, SG Americas Securities LLC acquired a new position in shares of Autohome in the second quarter valued at about $935,000. 38.84% of the stock is currently owned by institutional investors.

Shares of Autohome (NYSE:ATHM) traded up $0.21 on Tuesday, reaching $64.67. 240,568 shares of the company 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 firm has a market capitalization of $7,639.19, a PE ratio of 31.24 and a beta of 2.06.

The business also recently disclosed 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.

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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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