Autohome Inc (ATHM) Receives Consensus Rating of “Buy” from Analysts
Shares of Autohome Inc (NYSE:ATHM) have received a consensus rating of “Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $68.97.
A number of equities analysts have recently weighed in on ATHM shares. Citigroup started coverage on shares of Autohome in a research report on Tuesday, January 2nd. They set a “buy” rating and a $83.00 price target on the stock. Zacks Investment Research cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. BidaskClub cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Benchmark raised their price objective on shares of Autohome from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Deutsche Bank raised their price objective on shares of Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th.
Several large investors have recently modified their holdings of ATHM. Bank of New York Mellon Corp raised its holdings in shares of Autohome by 763.7% during the second quarter. Bank of New York Mellon Corp now owns 79,580 shares of the information services provider’s stock worth $3,610,000 after acquiring an additional 70,366 shares during the period. Comerica Bank acquired a new stake in shares of Autohome during the second quarter worth $365,000. Swiss National Bank acquired a new stake in shares of Autohome during the second quarter worth $4,792,000. Teachers Advisors LLC acquired a new stake in shares of Autohome during the second quarter worth $1,030,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in Autohome in the 2nd quarter valued at $3,780,000. Institutional investors and hedge funds own 38.84% of the company’s stock.
Autohome (NYSE:ATHM) last announced its quarterly earnings results on Tuesday, November 7th. The information services provider reported $0.54 earnings per share for the quarter. Autohome had a net margin of 25.52% and a return on equity of 23.48%. research analysts expect that Autohome will post 2.26 earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which was paid on Tuesday, January 16th. Investors of record on Thursday, January 4th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was 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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