Zacks Investment Research upgraded shares of Autohome (NYSE:ATHM) from a sell rating to a hold rating in a research report released on Thursday morning.

According to Zacks, “Autohome Inc. offers an online destination for automobile consumers primarily in the People’s Republic of China. The company through its Websites, autohome.com.cn and che168.com delivers content to automobile buyers and owners. It also offers advertising services; dealer subscription services; used automobile listings services; automobile dealer subscription services as well as operates automotive aftermarket services platform and real-time feedback on the service providers. Autohome Inc. is based in Beijing, China. “

A number of other research analysts have also recently commented on the company. ValuEngine cut Autohome from a buy rating to a hold rating in a research note on Tuesday, October 2nd. Macquarie assumed coverage on Autohome in a research note on Sunday, December 9th. They issued an outperform rating and a $82.34 target price for the company. Benchmark reduced their target price on Autohome from $125.00 to $105.00 and set a buy rating for the company in a research note on Tuesday, November 13th. Finally, CLSA set a $95.00 target price on Autohome and gave the stock a buy rating in a research note on Tuesday, October 16th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $87.67.

ATHM traded down $4.28 during trading on Thursday, reaching $78.31. 3,350,565 shares of the company were exchanged, compared to its average volume of 1,184,971. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 29.78 and a beta of 1.70. Autohome has a 12-month low of $61.43 and a 12-month high of $119.50.

Autohome (NYSE:ATHM) last released its earnings results on Monday, November 12th. The information services provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.06. Autohome had a return on equity of 29.35% and a net margin of 38.08%. The company had revenue of $275.00 million during the quarter, compared to analysts’ expectations of $269.16 million. During the same quarter last year, the business posted $0.61 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, research analysts predict that Autohome will post 3.35 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC lifted its stake in Autohome by 209.0% in the 2nd quarter. Signaturefd LLC now owns 1,128 shares of the information services provider’s stock worth $114,000 after purchasing an additional 763 shares in the last quarter. Guinness Asset Management Ltd raised its position in Autohome by 1,109.1% in the second quarter. Guinness Asset Management Ltd now owns 1,330 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 1,220 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Autohome in the second quarter valued at approximately $178,000. United Services Automobile Association purchased a new stake in Autohome in the second quarter valued at approximately $263,000. Finally, Alliancebernstein L.P. raised its position in Autohome by 51.7% in the third quarter. Alliancebernstein L.P. now owns 3,521 shares of the information services provider’s stock valued at $273,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 51.21% of the company’s stock.

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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