Autohome Inc. (ATHM) Receives Average Rating of “Buy” from Analysts

Autohome Inc. (NYSE:ATHM) has earned an average rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $63.36.

Several brokerages have commented on ATHM. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Monday, July 10th. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. 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 research report on Thursday, August 10th. Credit Suisse Group began coverage on shares of Autohome in a research report on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 price target on the stock. Finally, BidaskClub cut shares of Autohome from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 30th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Autohome by 6.6% during 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 buying an additional 468,039 shares during the period. BlackRock Inc. raised its holdings in Autohome by 1,380.8% during the 2nd quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after buying an additional 4,171,817 shares during the period. Vontobel Asset Management Inc. raised its holdings in Autohome by 2,290.1% during 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 buying an additional 4,283,910 shares during the period. Investec Asset Management LTD raised its holdings in Autohome by 20.9% during 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 buying an additional 343,427 shares during the period. Finally, Comgest Global Investors S.A.S. raised its holdings in Autohome by 969.5% during 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 buying an additional 1,166,347 shares during the period. Hedge funds and other institutional investors own 40.31% of the company’s stock.

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Shares of Autohome (NYSE:ATHM) traded down 4.63% during trading on Thursday, hitting $58.11. 582,582 shares of the stock were exchanged. Autohome has a 12-month low of $22.07 and a 12-month high of $67.69. The stock has a market cap of $6.74 billion, a P/E ratio of 29.91 and a beta of 2.16. The stock has a 50-day moving average of $63.41 and a 200 day moving average of $48.67.

Autohome (NYSE:ATHM) last issued its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.51 by $0.14. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The firm had revenue of $230.40 million for the quarter, compared to analysts’ expectations of $209.49 million. During the same period in the previous year, the business earned $0.51 earnings per share. Autohome’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts predict that Autohome will post $2.43 earnings per share for the current fiscal year.

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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