Benchmark Co. Boosts Autohome Inc. (ATHM) Price Target to $76.00
Autohome Inc. (NYSE:ATHM) had its price objective lifted by stock analysts at Benchmark Co. from $65.00 to $76.00 in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the information services provider’s stock. Benchmark Co.’s price objective points to a potential upside of 17.14% from the company’s current price.
ATHM has been the subject of a number of other research reports. BidaskClub downgraded Autohome from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Deutsche Bank AG upgraded Autohome from a “hold” rating to a “buy” rating and upped their price objective for the company from $36.00 to $65.00 in a report on Thursday, August 10th. Zacks Investment Research upgraded Autohome from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective for the company in a report on Thursday, October 12th. Credit Suisse Group started coverage on Autohome in a report on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 price objective for the company. Finally, ValuEngine downgraded Autohome from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $66.56.
Shares of Autohome (ATHM) opened at $64.88 on Wednesday. The company has a market capitalization of $7,480.00, a PE ratio of 31.59, a P/E/G ratio of 1.47 and a beta of 2.12. Autohome has a fifty-two week low of $22.07 and a fifty-two week high of $67.69.
Autohome (NYSE:ATHM) last released its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.14. The business had revenue of $230.40 million during the quarter, compared to the consensus estimate of $209.49 million. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. equities analysts expect that Autohome will post 2.14 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new stake in shares of Autohome in the second quarter worth about $517,000. Advisor Group Inc. increased its holdings in shares of Autohome by 100.4% in the third quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock worth $110,000 after acquiring an additional 915 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of Autohome in the second quarter worth about $110,000. Alta Advisers Ltd bought a new stake in shares of Autohome in the second quarter worth about $114,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Autohome in the third quarter worth about $247,000. Institutional investors own 40.37% of the company’s stock.
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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