Autohome Inc. (ATHM) Rating Increased to Buy at Benchmark Co.

Autohome Inc. (NYSE:ATHM) was upgraded by analysts at Benchmark Co. from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm currently has a $65.00 price objective on the information services provider’s stock. Benchmark Co.’s target price points to a potential upside of 5.66% from the stock’s current price.

Several other brokerages also recently commented on ATHM. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Friday, May 12th. UBS AG downgraded shares of Autohome from a “neutral” rating to a “sell” rating in a research report on Friday, June 2nd. Deutsche Bank AG upgraded shares of Autohome from a “hold” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $65.00 in a research report on Thursday. ValuEngine downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, HSBC Holdings plc restated a “buy” rating and set a $45.00 price objective (up from $36.00) on shares of Autohome in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.20.

Shares of Autohome (ATHM) opened at 61.52 on Thursday. Autohome has a 12-month low of $21.90 and a 12-month high of $62.20. The company’s 50-day moving average price is $48.04 and its 200-day moving average price is $38.81. The firm has a market capitalization of $7.14 billion, a PE ratio of 32.55 and a beta of 2.25.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.51 by $0.14. Autohome had a net margin of 23.17% and a return on equity of 22.64%. The business had revenue of $230.40 million during the quarter, compared to the consensus estimate of $209.49 million. During the same period in the previous year, the business earned $0.51 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Analysts anticipate that Autohome will post $2.33 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Autohome by 6.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,511,240 shares of the information services provider’s stock valued at $340,710,000 after buying an additional 468,039 shares during the period. BlackRock Inc. increased its position in shares of Autohome by 1,380.8% in the second quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock valued at $202,938,000 after buying an additional 4,171,817 shares during the period. Vontobel Asset Management Inc. increased its position in shares of Autohome by 2,290.1% in the second quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock valued at $206,105,000 after buying an additional 4,283,910 shares during the period. Investec Asset Management LTD increased its position in shares of Autohome by 20.9% in the second quarter. Investec Asset Management LTD now owns 1,989,109 shares of the information services provider’s stock valued at $90,226,000 after buying an additional 343,427 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Autohome by 22.5% in the first quarter. Wells Fargo & Company MN now owns 1,581,317 shares of the information services provider’s stock valued at $50,239,000 after buying an additional 290,046 shares during the period. Institutional investors own 34.15% of the company’s stock.

About Autohome

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.

Analyst Recommendations for Autohome (NYSE:ATHM)

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