Brokerages Set Autohome Inc (ATHM) PT at $66.56
Autohome Inc (NYSE:ATHM) has received a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $66.56.
Several brokerages recently commented on ATHM. Deutsche Bank raised shares of Autohome from a “hold” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $65.00 in a report on Thursday, August 10th. ValuEngine lowered shares of Autohome from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub lowered shares of Autohome from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 30th. Benchmark raised shares of Autohome from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Thursday, August 10th. Finally, Credit Suisse Group began coverage on shares of Autohome in a report on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 price target for the company.
Institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. grew its holdings in shares of Autohome by 100.4% during the third quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock worth $110,000 after buying an additional 915 shares in the last quarter. Alta Advisers Ltd purchased a new stake in shares of Autohome during the second quarter worth $114,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Autohome during the second quarter worth $213,000. M&T Bank Corp purchased a new stake in shares of Autohome during the second quarter worth $245,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of Autohome during the third quarter worth $246,000. 38.84% of the stock is owned by institutional investors and hedge funds.
Shares of Autohome (NYSE ATHM) traded up $0.23 during midday trading on Friday, reaching $55.60. 1,121,600 shares of the company traded hands, compared to its average volume of 1,007,147. The stock has a market cap of $6,569.82, a price-to-earnings ratio of 26.86, a PEG ratio of 1.38 and a beta of 2.06. Autohome has a 12 month low of $24.71 and a 12 month high of $67.69.
The firm also recently announced a special dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, January 3rd.
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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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