Autohome Inc. (ATHM) Now Covered by Analysts at Credit Suisse Group
Credit Suisse Group began coverage on shares of Autohome Inc. (NYSE:ATHM) in a research note published on Tuesday morning. The firm issued an outperform rating and a $70.80 target price on the information services provider’s stock.
Several other analysts have also recently issued reports on ATHM. Zacks Investment Research cut shares of Autohome from a buy rating to a hold rating in a research note on Friday, September 15th. BidaskClub downgraded shares of Autohome from a strong-buy rating to a buy rating in a report on Saturday. Benchmark Co. raised shares of Autohome from a hold rating to a buy rating and set a $65.00 target price on the stock in a research note on Thursday, August 10th. Deutsche Bank AG raised shares of Autohome from a hold rating to a buy rating and raised their target price for the stock from $36.00 to $65.00 in a research note on Thursday, August 10th. Finally, ValuEngine cut Autohome from a buy rating to a hold rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $59.36.
Shares of Autohome (ATHM) traded up 4.03% during midday trading on Tuesday, hitting $60.62. The stock had a trading volume of 528,431 shares. Autohome has a 52-week low of $22.07 and a 52-week high of $67.69. The firm has a 50 day moving average price of $64.24 and a 200-day moving average price of $47.01. The stock has a market cap of $7.03 billion, a PE ratio of 31.20 and a beta of 2.16.
Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.14. Autohome had a return on equity of 22.64% and a net margin of 23.17%. The company had revenue of $230.40 million during the quarter, compared to analyst estimates of $209.49 million. During the same period in the previous year, the business earned $0.51 EPS. Autohome’s quarterly revenue was up 11.1% on a year-over-year basis. Equities analysts predict that Autohome will post $2.44 EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. Investec Asset Management LTD raised its stake in Autohome by 20.9% during the second quarter. Investec Asset Management LTD now owns 1,989,109 shares of the information services provider’s stock worth $90,226,000 after purchasing an additional 343,427 shares during the period. Andra AP fonden acquired a new position in Autohome in the 2nd quarter valued at about $2,477,000. Bank of Montreal Can boosted its holdings in Autohome by 520.9% in the 2nd quarter. Bank of Montreal Can now owns 35,607 shares of the information services provider’s stock valued at $1,615,000 after purchasing an additional 29,872 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Autohome in the 2nd quarter valued at about $110,000. Finally, Renaissance Technologies LLC boosted its holdings in Autohome by 91.7% in the 1st quarter. Renaissance Technologies LLC now owns 247,100 shares of the information services provider’s stock valued at $7,850,000 after purchasing an additional 118,200 shares during the last quarter. Hedge funds and other institutional investors own 40.31% of the company’s stock.
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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