Credit Suisse Group AG assumed coverage on shares of Autohome Inc. (NYSE:ATHM) in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage issued an outperform rating and a $70.80 price target on the information services provider’s stock.

Several other equities analysts have also recently issued reports on ATHM. BidaskClub cut Autohome from a strong-buy rating to a buy rating in a research report on Saturday, September 30th. Deutsche Bank AG upgraded Autohome from a hold rating to a buy rating and lifted their price target for the company from $36.00 to $65.00 in a research report on Thursday, August 10th. ValuEngine cut Autohome from a buy rating to a hold rating in a research report on Thursday, August 10th. Benchmark Co. upgraded Autohome from a hold rating to a buy rating and set a $65.00 price target on the stock in a research report on Thursday, August 10th. Finally, Zacks Investment Research cut Autohome from a buy rating to a hold rating in a research report on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $59.36.

Autohome (NYSE ATHM) traded down 0.31% during mid-day trading on Tuesday, reaching $61.70. The company’s stock had a trading volume of 597,897 shares. The company has a market capitalization of $7.16 billion, a PE ratio of 31.76 and a beta of 2.16. Autohome has a 1-year low of $22.07 and a 1-year high of $67.69. The firm has a 50 day moving average price of $64.11 and a 200-day moving average price of $47.22.

Autohome (NYSE:ATHM) last issued its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $230.40 million for the quarter, compared to analysts’ expectations of $209.49 million. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities analysts predict that Autohome will post $2.44 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Autohome by 6.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,511,240 shares of the information services provider’s stock worth $340,710,000 after acquiring an additional 468,039 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Autohome by 1,380.8% in the 2nd quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after acquiring an additional 4,171,817 shares during the last quarter. Vontobel Asset Management Inc. grew its holdings in shares of Autohome by 2,290.1% in the 2nd quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock worth $206,105,000 after acquiring an additional 4,283,910 shares during the last quarter. Investec Asset Management LTD grew its holdings in shares of Autohome by 20.9% in the 2nd quarter. Investec Asset Management LTD now owns 1,989,109 shares of the information services provider’s stock worth $90,226,000 after acquiring an additional 343,427 shares during the last quarter. Finally, Comgest Global Investors S.A.S. grew its holdings in shares of Autohome by 969.5% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 1,286,647 shares of the information services provider’s stock worth $58,362,000 after acquiring an additional 1,166,347 shares during the last quarter. Institutional investors and hedge funds own 40.31% of the company’s stock.

About Autohome

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.

Analyst Recommendations for Autohome (NYSE:ATHM)

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