ValuEngine upgraded shares of Autohome (NYSE:ATHM) from a hold rating to a buy rating in a report released on Thursday morning.
A number of other brokerages have also issued reports on ATHM. Zacks Investment Research raised shares of Autohome from a hold rating to a strong-buy rating and set a $121.00 target price for the company in a research note on Tuesday, July 10th. JPMorgan Chase & Co. assumed coverage on shares of Autohome in a research note on Wednesday, August 29th. They set a hold rating and a $80.00 target price for the company. Finally, CLSA set a $95.00 target price on shares of Autohome and gave the company a buy rating in a research note on Tuesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Autohome presently has an average rating of Buy and an average target price of $80.00.
ATHM stock traded down $1.59 during mid-day trading on Thursday, reaching $76.13. 677,061 shares of the stock traded hands, compared to its average volume of 1,290,552. Autohome has a one year low of $52.93 and a one year high of $119.50. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of 28.95 and a beta of 1.86.
Autohome (NYSE:ATHM) last issued its earnings results on Wednesday, August 8th. The information services provider reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.03. The firm had revenue of $282.43 million during the quarter. Autohome had a net margin of 36.15% and a return on equity of 27.64%. Equities research analysts forecast that Autohome will post 3.34 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Virginia Retirement Systems ET AL lifted its stake in Autohome by 74.5% in the third quarter. Virginia Retirement Systems ET AL now owns 19,200 shares of the information services provider’s stock worth $1,486,000 after acquiring an additional 8,200 shares during the period. WINTON GROUP Ltd purchased a new stake in Autohome in the third quarter worth about $409,000. Cambridge Investment Research Advisors Inc. lifted its stake in Autohome by 392.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,175 shares of the information services provider’s stock worth $865,000 after acquiring an additional 8,908 shares during the period. Wells Fargo & Company MN lifted its stake in Autohome by 3.6% in the third quarter. Wells Fargo & Company MN now owns 1,232,555 shares of the information services provider’s stock worth $95,412,000 after acquiring an additional 43,201 shares during the period. Finally, US Bancorp DE lifted its stake in Autohome by 2.2% in the third quarter. US Bancorp DE now owns 62,706 shares of the information services provider’s stock worth $4,854,000 after acquiring an additional 1,363 shares during the period. 44.84% of the stock is owned by hedge funds and other institutional investors.
Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.
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