Autohome Inc. (ATHM) Receives $63.36 Consensus PT from Analysts
Autohome Inc. (NYSE:ATHM) has earned a consensus rating of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $63.36.
Several research analysts have recently weighed in on the stock. Benchmark Co. raised shares of Autohome from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Credit Suisse Group assumed coverage on shares of Autohome in a research report on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 target price on the stock. BidaskClub downgraded shares of Autohome from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 30th. Finally, ValuEngine downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th.
Shares of Autohome (NYSE:ATHM) traded up 3.55% during mid-day trading on Thursday, reaching $60.46. 872,400 shares of the company were exchanged. Autohome has a 12 month low of $22.07 and a 12 month high of $67.69. The firm has a market capitalization of $6.97 billion, a PE ratio of 39.78 and a beta of 2.16. The company’s 50 day moving average price is $63.41 and its 200 day moving average price is $48.56.
Autohome (NYSE:ATHM) last released its earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.14. The business had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. Equities analysts anticipate that Autohome will post $2.43 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. purchased a new position in Autohome during the second quarter valued at approximately $110,000. Alta Advisers Ltd purchased a new position in Autohome during the second quarter valued at approximately $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in Autohome during the second quarter valued at approximately $213,000. M&T Bank Corp purchased a new position in Autohome during the second quarter valued at approximately $245,000. Finally, Profund Advisors LLC purchased a new position in Autohome during the second quarter valued at approximately $264,000. 40.31% of the stock is currently owned by hedge funds and other institutional investors.
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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