Autohome Inc. (ATHM) Receives Consensus Rating of “Hold” from Brokerages
Shares of Autohome Inc. (NYSE:ATHM) have received a consensus rating of “Hold” from the ten brokerages that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $32.42.
ATHM has been the subject of a number of recent research reports. Brean Capital reiterated a “buy” rating on shares of Autohome in a research note on Tuesday, June 21st. Credit Suisse Group AG lowered Autohome from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $31.50 to $18.00 in a research note on Tuesday, June 28th. Zacks Investment Research upgraded Autohome from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Credit Agricole SA raised Autohome from an “underperform” rating to a “buy” rating in a report on Wednesday, August 17th. Finally, JPMorgan Chase & Co. assumed coverage on Autohome in a report on Wednesday, August 31st. They issued a “neutral” rating and a $25.00 price target for the company.
Several institutional investors have recently modified their holdings of ATHM. Stifel Financial Corp boosted its position in shares of Autohome by 3.1% in the second quarter. Stifel Financial Corp now owns 39,851 shares of the company’s stock valued at $801,000 after buying an additional 1,202 shares during the period. Royal Bank of Canada boosted its position 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 valued at $179,000 after buying an additional 1,998 shares during the period. US Bancorp DE boosted its position in shares of Autohome by 7.4% in the second quarter. US Bancorp DE now owns 38,267 shares of the company’s stock valued at $769,000 after buying an additional 2,636 shares during the period. Wesbanco Bank Inc. boosted its position in shares of Autohome by 43.4% in the second quarter. Wesbanco Bank Inc. now owns 15,275 shares of the company’s stock valued at $307,000 after buying an additional 4,620 shares during the period. Finally, Creative Planning purchased a new position in shares of Autohome during the third quarter valued at about $132,000. Institutional investors own 22.03% of the company’s stock.
Autohome (NYSE:ATHM) traded up 1.05% during midday trading on Wednesday, reaching $25.95. The company had a trading volume of 145,833 shares. The firm has a market capitalization of $2.95 billion, a PE ratio of 18.05 and a beta of 2.10. Autohome has a 12 month low of $19.32 and a 12 month high of $37.73. The firm’s 50-day moving average price is $24.48 and its 200 day moving average price is $25.14.
Autohome (NYSE:ATHM) last announced its quarterly earnings results on Tuesday, August 16th. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company earned $207.40 million during the quarter, compared to analyst estimates of $207.38 million. Autohome had a return on equity of 22.16% and a net margin of 24.95%. The firm’s revenue was up 49.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. Equities analysts anticipate that Autohome will post $1.71 earnings per share for the current fiscal year.
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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