Macquarie began coverage on shares of Autohome (NYSE:ATHM) in a report published on Monday morning, Marketbeat reports. The brokerage issued an outperform rating and a $82.34 price objective on the information services provider’s stock.
Other research analysts have also recently issued reports about the company. ValuEngine upgraded Autohome from a hold rating to a buy rating in a research note on Tuesday, August 14th. Zacks Investment Research upgraded Autohome from a hold rating to a buy rating and set a $76.00 price objective for the company in a research note on Wednesday, October 31st. CLSA set a $95.00 price objective on Autohome and gave the stock a buy rating in a research note on Tuesday, October 16th. Benchmark reduced their price objective on Autohome from $125.00 to $105.00 and set a buy rating for the company in a research note on Tuesday, November 13th. Finally, JPMorgan Chase & Co. initiated coverage on Autohome in a research note on Wednesday, August 29th. They issued a hold rating and a $80.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Autohome has an average rating of Buy and an average price target of $86.89.
Shares of NYSE ATHM opened at $86.46 on Monday. Autohome has a fifty-two week low of $54.22 and a fifty-two week high of $119.50. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 32.87 and a beta of 1.89.
Autohome (NYSE:ATHM) last announced its quarterly earnings data on Monday, November 12th. The information services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.06. Autohome had a return on equity of 29.35% and a net margin of 38.08%. The firm had revenue of $275.00 million during the quarter, compared to analysts’ expectations of $269.16 million. During the same period last year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Sell-side analysts forecast that Autohome will post 3.35 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Signaturefd LLC increased its position in shares of Autohome by 209.0% in the second quarter. Signaturefd LLC now owns 1,128 shares of the information services provider’s stock valued at $114,000 after buying an additional 763 shares in the last quarter. Fortis Advisors LLC acquired a new position in Autohome during the second quarter worth $126,000. Guinness Asset Management Ltd boosted its stake in Autohome by 1,109.1% during the second quarter. Guinness Asset Management Ltd now owns 1,330 shares of the information services provider’s stock worth $134,000 after buying an additional 1,220 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Autohome in the second quarter valued at $178,000. Finally, Epoch Investment Partners Inc. purchased a new stake in Autohome in the second quarter valued at $200,000. Institutional investors own 51.26% of the company’s stock.
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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