Autohome (NYSE:ATHM) Downgraded to “Strong Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Autohome (NYSE:ATHM) from a hold rating to a strong sell rating in a research report report published on Wednesday, Zacks.com reports.

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. “

Other analysts have also issued research reports about the stock. Sanford C. Bernstein initiated coverage on shares of Autohome in a report on Thursday, June 27th. They set an outperform rating and a $110.00 target price on the stock. Macquarie set a $131.00 target price on shares of Baidu and gave the stock a hold rating in a report on Thursday, July 4th. ValuEngine lowered shares of Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd. Citigroup reaffirmed a buy rating and set a $110.00 target price (down previously from $125.00) on shares of Autohome in a report on Friday, July 5th. Finally, JPMorgan Chase & Co. set a $195.00 target price on shares of bluebird bio and gave the stock a buy rating in a report on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $107.33.

Autohome stock traded up $0.69 during midday trading on Wednesday, reaching $85.01. 1,343,354 shares of the stock were exchanged, compared to its average volume of 1,006,324. The firm has a fifty day simple moving average of $87.68. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 0.89 and a beta of 1.49. Autohome has a 52 week low of $61.43 and a 52 week high of $117.99.

Autohome (NYSE:ATHM) last posted its earnings results on Wednesday, May 8th. The information services provider reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. The business had revenue of $240.00 million for the quarter, compared to analyst estimates of $234.43 million. Autohome had a net margin of 40.12% and a return on equity of 30.85%. During the same quarter in the prior year, the firm posted $0.70 EPS. As a group, analysts anticipate that Autohome will post 4.59 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC grew its stake in Autohome by 211.0% in the 1st quarter. Lindbrook Capital LLC now owns 255 shares of the information services provider’s stock worth $26,000 after buying an additional 173 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Autohome by 15.0% in the 1st quarter. Quadrant Capital Group LLC now owns 951 shares of the information services provider’s stock worth $99,000 after buying an additional 124 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in Autohome in the 1st quarter worth approximately $106,000. Daiwa Securities Group Inc. grew its stake in Autohome by 52.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,065 shares of the information services provider’s stock worth $112,000 after buying an additional 365 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Autohome by 24.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,523 shares of the information services provider’s stock worth $119,000 after buying an additional 301 shares in the last quarter. 54.47% of the stock is owned by institutional investors and hedge funds.

About Autohome

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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