Autohome Inc (ATHM) Given Average Recommendation of “Buy” by Brokerages
Shares of Autohome Inc (NYSE:ATHM) have earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $66.16.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Thursday, December 14th. Credit Suisse Group assumed coverage on shares of Autohome in a research note on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 target price on the stock. Benchmark raised their target price on shares of Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. BidaskClub lowered shares of Autohome from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Deutsche Bank raised their target price on shares of Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th.
Shares of Autohome (NYSE ATHM) traded down $0.38 on Tuesday, hitting $64.97. 256,100 shares of the stock traded hands, compared to its average volume of 986,917. Autohome has a 52 week low of $25.00 and a 52 week high of $67.69. The firm has a market cap of $7,677.00, a price-to-earnings ratio of 31.39 and a beta of 2.06.
The business also recently declared a special dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd.
A number of institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC bought a new stake in Autohome in the 3rd quarter valued at $1,152,000. Janus Henderson Group PLC lifted its holdings in shares of Autohome by 21.8% during the 3rd quarter. Janus Henderson Group PLC now owns 437,329 shares of the information services provider’s stock worth $26,273,000 after acquiring an additional 78,300 shares during the period. Caxton Associates LP bought a new position in shares of Autohome during the 3rd quarter worth about $300,000. Jane Street Group LLC lifted its holdings in shares of Autohome by 37.5% during the 3rd quarter. Jane Street Group LLC now owns 24,445 shares of the information services provider’s stock worth $1,469,000 after acquiring an additional 6,664 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Autohome during the 3rd quarter worth about $811,000. 38.84% of the stock is owned by hedge funds and other institutional investors.
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Autohome Company Profile
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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