Zacks Investment Research upgraded shares of Autohome Inc. (NYSE:ATHM) from a sell rating to a hold rating in a report 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. “

Other equities research analysts have also recently issued reports about the stock. Brean Capital reiterated a buy rating on shares of Autohome in a research report on Wednesday, August 31st. Credit Agricole SA raised Autohome from an underperform rating to a buy rating in a research note on Wednesday, August 17th. Credit Suisse Group AG cut Autohome from a neutral rating to an underperform rating and dropped their price target for the stock from $31.50 to $18.00 in a research note on Tuesday, June 28th. Finally, JPMorgan Chase & Co. initiated coverage on Autohome in a research note on Wednesday, August 31st. They issued a neutral rating and a $25.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $31.06.

Autohome (NYSE:ATHM) traded up 0.31% during midday trading on Tuesday, hitting $25.69. 36,910 shares of the company’s stock traded hands. The company has a market capitalization of $2.92 billion, a PE ratio of 17.87 and a beta of 2.10. Autohome has a 52 week low of $19.32 and a 52 week high of $37.73. The company has a 50 day moving average of $24.71 and a 200-day moving average of $25.07.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Tuesday, August 16th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Autohome had a net margin of 24.95% and a return on equity of 22.16%. The business had revenue of $207.40 million for the quarter, compared to analysts’ expectations of $207.38 million. During the same period in the previous year, the business earned $0.45 earnings per share. The company’s revenue was up 49.3% on a year-over-year basis. Equities research analysts predict that Autohome will post $1.71 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning purchased a new stake in Autohome during the third quarter worth about $132,000. Royal Bank of Canada boosted its stake in Autohome by 37.5% in the second quarter. Royal Bank of Canada now owns 8,770 shares of the company’s stock worth $177,000 after buying an additional 2,391 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Autohome by 2,506.6% in the second quarter. JPMorgan Chase & Co. now owns 10,192 shares of the company’s stock worth $205,000 after buying an additional 9,801 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Autohome during the second quarter worth about $298,000. Finally, Wesbanco Bank Inc. boosted its stake in 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 in the last quarter. Institutional investors own 22.07% of the company’s stock.

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.

5 Day Chart for NYSE:ATHM

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