BidaskClub Lowers Autohome Inc. (ATHM) to Buy
BidaskClub downgraded shares of Autohome Inc. (NYSE:ATHM) from a strong-buy rating to a buy rating in a report published on Saturday.
Several other research firms have also weighed in on ATHM. UBS AG lowered Autohome from a neutral rating to a sell rating in a research note on Friday, June 2nd. Deutsche Bank AG upgraded Autohome from a hold rating to a buy rating and boosted their target price for the stock from $36.00 to $65.00 in a report on Thursday, August 10th. ValuEngine downgraded shares of Autohome from a buy rating to a hold rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Autohome from a hold rating to a buy rating and set a $51.00 target price for the company in a research report on Monday, July 10th. Finally, Benchmark Co. upgraded shares of Autohome from a hold rating to a buy rating and set a $65.00 price target on the stock in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $56.50.
Autohome (NYSE ATHM) opened at 57.27 on Friday. The firm has a 50 day moving average of $64.36 and a 200 day moving average of $46.83. The firm has a market cap of $6.64 billion, a P/E ratio of 29.48 and a beta of 2.16. Autohome has a 1-year low of $22.07 and a 1-year high of $67.69.
Autohome (NYSE:ATHM) last posted its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.14. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The firm had revenue of $230.40 million during the quarter, compared to the consensus estimate of $209.49 million. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. On average, equities research analysts expect that Autohome will post $2.46 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Autohome in the second quarter valued at about $517,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of Autohome during the 2nd quarter valued at about $110,000. Alta Advisers Ltd purchased a new stake in shares of Autohome during the 2nd quarter valued at about $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Autohome during the 2nd quarter valued at about $213,000. Finally, M&T Bank Corp purchased a new stake in shares of Autohome during the 2nd quarter valued at about $245,000. 40.31% of the stock is owned by institutional investors.
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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