Autohome (ATHM) Upgraded to “Strong-Buy” by Zacks Investment Research

Autohome (NYSE:ATHM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks.com reports. The brokerage currently has a $134.00 target price on the information services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 21.53% from the company’s current price.

According to Zacks, “Autohome Inc. offers an online destination for automobile consumers primarily in the People’s Republic of China. The company through its Websites, autohome.com.cn and che168.com delivers content to automobile buyers and owners. It also offers advertising services; dealer subscription services; used automobile listings services; automobile dealer subscription services as well as operates automotive aftermarket services platform and real-time feedback on the service providers. Autohome Inc. is based in Beijing, China. “

Several other equities research analysts have also recently issued reports on ATHM. ValuEngine cut shares of Autohome from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. JPMorgan Chase & Co. cut shares of Autohome from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $68.00 to $58.00 in a report on Monday, January 28th. Credit Suisse Group cut shares of Autohome from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $83.00 to $92.00 in a report on Wednesday, February 27th. Finally, Bank of America raised their target price on shares of Autohome from $96.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $95.19.

Shares of ATHM stock opened at $110.26 on Monday. Autohome has a 12-month low of $61.43 and a 12-month high of $119.50. The company has a market capitalization of $13.50 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.29 and a beta of 1.39.

Autohome (NYSE:ATHM) last issued its earnings results on Tuesday, February 26th. The information services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.20. Autohome had a net margin of 39.63% and a return on equity of 31.59%. The company had revenue of $318.20 million for the quarter, compared to analysts’ expectations of $315.78 million. As a group, analysts expect that Autohome will post 4.33 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Autohome by 7.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 12,840 shares of the information services provider’s stock worth $1,004,000 after acquiring an additional 935 shares during the last quarter. Fox Run Management L.L.C. boosted its stake in shares of Autohome by 47.1% during the 4th quarter. Fox Run Management L.L.C. now owns 5,577 shares of the information services provider’s stock worth $436,000 after acquiring an additional 1,785 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Autohome by 9.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 878,150 shares of the information services provider’s stock worth $67,977,000 after acquiring an additional 72,769 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Autohome by 228.0% during the 4th quarter. Bank of America Corp DE now owns 113,330 shares of the information services provider’s stock worth $8,866,000 after acquiring an additional 78,782 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in shares of Autohome during the 4th quarter worth $978,000. Institutional investors and hedge funds own 53.20% of the company’s stock.

Autohome Company Profile

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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