Autohome (NYSE:ATHM) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Autohome (NYSE:ATHM) from a neutral rating to an overweight rating in a report published on Wednesday, Marketbeat Ratings reports. The brokerage currently has $36.00 price objective on the information services provider’s stock, up from their previous price objective of $24.00.

Several other equities research analysts have also recently weighed in on the company. StockNews.com cut Autohome from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Autohome currently has a consensus rating of “Hold” and an average target price of $32.00.

Autohome Price Performance

Shares of NYSE:ATHM opened at $30.13 on Wednesday. The company has a market capitalization of $3.65 billion, a P/E ratio of 16.28 and a beta of 0.20. Autohome has a 1 year low of $21.89 and a 1 year high of $34.70. The business’s 50 day simple moving average is $28.34 and its 200 day simple moving average is $28.37.

Autohome (NYSE:ATHM) last released its earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. Autohome had a return on equity of 7.79% and a net margin of 23.02%. The firm had revenue of $244.33 million during the quarter, compared to analysts’ expectations of $243.26 million. On average, sell-side analysts anticipate that Autohome will post 1.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Van ECK Associates Corp raised its position in Autohome by 31.2% during the 3rd quarter. Van ECK Associates Corp now owns 9,310 shares of the information services provider’s stock worth $304,000 after purchasing an additional 2,212 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Autohome by 948.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,508 shares of the information services provider’s stock worth $2,594,000 after purchasing an additional 71,923 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in Autohome by 1.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock worth $1,238,000 after purchasing an additional 394 shares during the last quarter. Bank of Montreal Can raised its position in Autohome by 33.8% during the 3rd quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider’s stock worth $3,484,000 after purchasing an additional 26,657 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Autohome by 8.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 261,564 shares of the information services provider’s stock worth $8,532,000 after purchasing an additional 19,983 shares during the last quarter. 63.08% of the stock is currently owned by institutional investors.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.