Shares of Autohome Inc (NYSE:ATHM) have received a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $99.76.
Several research analysts have recently weighed in on ATHM shares. Bank of America upped their price target on shares of Autohome from $96.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Zacks Investment Research raised shares of Autohome from a “hold” rating to a “strong-buy” rating and set a $108.00 price target on the stock in a report on Friday, March 1st. Credit Suisse Group lowered shares of Autohome from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $83.00 to $92.00 in a research report on Wednesday, February 27th. ValuEngine upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research report on Saturday, March 30th. Finally, JPMorgan Chase & Co. upgraded shares of Autohome from an “underweight” rating to a “neutral” rating and set a $90.00 target price for the company in a research report on Friday, May 17th.
A number of large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. purchased a new stake in Autohome during the fourth quarter valued at about $227,000. M&T Bank Corp boosted its position in Autohome by 4.8% during the fourth quarter. M&T Bank Corp now owns 26,173 shares of the information services provider’s stock valued at $2,048,000 after buying an additional 1,191 shares during the period. Ballentine Partners LLC purchased a new stake in Autohome during the fourth quarter valued at about $203,000. Financial Gravity Companies Inc. purchased a new stake in Autohome during the fourth quarter valued at about $35,000. Finally, Victory Capital Management Inc. purchased a new stake in Autohome during the fourth quarter valued at about $5,986,000. Institutional investors own 53.02% of the company’s stock.
Autohome (NYSE:ATHM) last released its quarterly earnings results on Wednesday, May 8th. The information services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. The firm had revenue of $240.00 million for the quarter, compared to analysts’ expectations of $234.43 million. Autohome had a net margin of 40.12% and a return on equity of 30.85%. During the same quarter in the prior year, the firm posted $0.70 earnings per share. As a group, equities research analysts forecast that Autohome will post 4.53 EPS for the current year.
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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