Autohome (NYSE:ATHM) Upgraded by ValuEngine to Hold

Autohome (NYSE:ATHM) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday, ValuEngine reports.

Other equities analysts also recently issued reports about the stock. Mizuho initiated coverage on shares of Autohome in a research note on Friday, September 6th. They set a “neutral” rating and a $84.10 price objective for the company. JPMorgan Chase & Co. set a $75.00 price objective on shares of Autohome and gave the company a “hold” rating in a research note on Monday, August 12th. Zacks Investment Research raised shares of Autohome from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Benchmark downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Sanford C. Bernstein downgraded shares of Autohome from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 6th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $103.34.

Shares of NYSE:ATHM traded down $0.30 during midday trading on Thursday, hitting $71.94. 403,107 shares of the stock traded hands, compared to its average volume of 1,062,869. The stock has a market capitalization of $8.86 billion, a PE ratio of 19.18, a P/E/G ratio of 1.37 and a beta of 1.30. The business’s 50 day moving average is $82.47 and its two-hundred day moving average is $87.86. Autohome has a one year low of $66.60 and a one year high of $117.99.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Tuesday, November 5th. The information services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $303.60 million during the quarter, compared to the consensus estimate of $306.01 million. Autohome had a net margin of 37.62% and a return on equity of 27.20%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 earnings per share. Sell-side analysts expect that Autohome will post 3.6 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in ATHM. WINTON GROUP Ltd raised its stake in Autohome by 4.6% in the second quarter. WINTON GROUP Ltd now owns 2,981 shares of the information services provider’s stock worth $255,000 after buying an additional 130 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in Autohome by 9.0% in the second quarter. Xact Kapitalforvaltning AB now owns 10,900 shares of the information services provider’s stock worth $933,000 after buying an additional 900 shares in the last quarter. NN Investment Partners Holdings N.V. raised its stake in Autohome by 100.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 4,000 shares of the information services provider’s stock worth $342,000 after buying an additional 2,000 shares in the last quarter. SevenBridge Financial Group LLC raised its stake in Autohome by 26.3% in the second quarter. SevenBridge Financial Group LLC now owns 1,192 shares of the information services provider’s stock worth $102,000 after buying an additional 248 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Autohome by 12,188.5% in the second quarter. Bessemer Group Inc. now owns 127,309 shares of the information services provider’s stock worth $10,900,000 after buying an additional 126,273 shares in the last quarter. 57.25% of the stock is owned by institutional investors.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.

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Analyst Recommendations for Autohome (NYSE:ATHM)

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