Autohome Inc (ATHM) Stock Rating Upgraded by Zacks Investment Research
Autohome Inc (NYSE:ATHM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
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. “
ATHM has been the subject of several other reports. Brean Capital began coverage on Autohome in a report on Monday, June 6th. They issued a “buy” rating and a $31.00 price target for the company. Credit Agricole SA upgraded Autohome from an “underperform” rating to a “buy” rating in a report on Wednesday, August 17th. Credit Suisse Group AG downgraded Autohome from a “neutral” rating to an “underperform” rating and cut their price target for the company from $31.50 to $18.00 in a report on Tuesday, June 28th. Finally, JPMorgan Chase & Co. began coverage on Autohome in a report on Wednesday, August 31st. They issued a “neutral” rating and a $25.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.06.
Shares of Autohome (NYSE:ATHM) opened at 24.77 on Tuesday. Autohome has a 52 week low of $19.32 and a 52 week high of $37.73. The stock has a 50 day moving average price of $24.35 and a 200 day moving average price of $25.22. The firm has a market capitalization of $2.82 billion, a PE ratio of 17.21 and a beta of 2.11.
Autohome (NYSE:ATHM) last issued its quarterly earnings data on Tuesday, August 16th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company had revenue of $207.40 million for the quarter, compared to analyst estimates of $207.38 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 49.3% on a year-over-year basis. Equities analysts forecast that Autohome will post $1.71 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Stifel Financial Corp boosted its stake in shares of Autohome by 3.1% in the second quarter. Stifel Financial Corp now owns 39,851 shares of the company’s stock worth $801,000 after buying an additional 1,202 shares during the period. Royal Bank of Canada boosted its stake in shares of Autohome by 45.6% in the first quarter. Royal Bank of Canada now owns 6,379 shares of the company’s stock worth $179,000 after buying an additional 1,998 shares during the period. US Bancorp DE boosted its stake in shares of Autohome by 7.4% in the second quarter. US Bancorp DE now owns 38,267 shares of the company’s stock worth $769,000 after buying an additional 2,636 shares during the period. Wesbanco Bank Inc. boosted its stake in shares of Autohome by 43.4% in the second quarter. Wesbanco Bank Inc. now owns 15,275 shares of the company’s stock worth $307,000 after buying an additional 4,620 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Autohome by 3.2% in the second quarter. Raymond James & Associates now owns 204,248 shares of the company’s stock worth $4,107,000 after buying an additional 6,353 shares during the period.
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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