Autohome Inc. (NYSE:ATHM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday. The brokerage presently has a $71.00 price objective on the information services provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 17.43% from the company’s previous close.

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 research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Autohome from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 30th. Benchmark Co. raised shares of Autohome from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Thursday, August 10th. Deutsche Bank AG raised shares of Autohome from a “hold” rating to a “buy” rating and lifted their price objective for the company from $36.00 to $65.00 in a report on Thursday, August 10th. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Credit Suisse Group started coverage on shares of Autohome in a report on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 price objective for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Autohome currently has an average rating of “Buy” and an average target price of $63.36.

Autohome (NYSE ATHM) opened at 60.46 on Thursday. Autohome has a one year low of $22.07 and a one year high of $67.69. The company has a 50-day moving average of $63.41 and a 200 day moving average of $48.44. The company has a market cap of $7.01 billion, a P/E ratio of 31.12 and a beta of 2.16.

Autohome (NYSE:ATHM) last released its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.14. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The company had revenue of $230.40 million during the quarter, compared to analysts’ expectations of $209.49 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts anticipate that Autohome will post $2.43 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Investec Asset Management LTD increased its stake in shares of Autohome by 20.9% during the second quarter. Investec Asset Management LTD now owns 1,989,109 shares of the information services provider’s stock worth $90,226,000 after purchasing an additional 343,427 shares in the last quarter. Andra AP fonden purchased a new stake in shares of Autohome during the second quarter worth about $2,477,000. Bank of Montreal Can increased its stake in shares of Autohome by 520.9% during the second quarter. Bank of Montreal Can now owns 35,607 shares of the information services provider’s stock worth $1,615,000 after purchasing an additional 29,872 shares in the last quarter. Sloane Robinson LLP purchased a new stake in shares of Autohome during the second quarter worth about $4,114,000. Finally, Profund Advisors LLC purchased a new stake in shares of Autohome during the second quarter worth about $264,000. 40.31% of the stock is owned by institutional investors and hedge funds.

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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