Brokerages Set Autohome Inc. (ATHM) PT at $63.36
Shares of Autohome Inc. (NYSE:ATHM) have received an average recommendation of “Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $66.56.
Several equities analysts recently issued reports on the stock. Benchmark Co. boosted their price target on shares of Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank AG upped their target price on shares of Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday. BidaskClub upgraded shares of Autohome from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research note on Thursday, October 12th. Finally, Credit Suisse Group assumed coverage on shares of Autohome in a research note on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 target price on the stock.
Large investors have recently added to or reduced their stakes in the company. Investec Asset Management LTD boosted its stake in Autohome by 20.9% in the 2nd 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 in the last quarter. Andra AP fonden acquired a new stake in Autohome in the 2nd quarter worth approximately $2,477,000. BlackRock Inc. boosted its stake in Autohome by 1,380.8% in the 2nd quarter. BlackRock Inc. now owns 4,473,958 shares of the information services provider’s stock worth $202,938,000 after purchasing an additional 4,171,817 shares in the last quarter. Profund Advisors LLC acquired a new stake in Autohome in the 2nd quarter worth approximately $264,000. Finally, Bank of Montreal Can boosted its stake 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 worth $1,615,000 after purchasing an additional 29,872 shares in the last quarter. Institutional investors and hedge funds own 40.37% of the company’s stock.
Autohome (NYSE:ATHM) traded down $1.65 during midday trading on Monday, reaching $61.50. 419,300 shares of the company’s stock were exchanged, compared to its average volume of 1,017,381. The firm has a market capitalization of $7,461.95, a PE ratio of 30.51, a P/E/G ratio of 1.57 and a beta of 2.12. Autohome has a 52 week low of $22.07 and a 52 week high of $67.69.
Autohome (NYSE:ATHM) last announced its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. The firm had revenue of $230.40 million for the quarter, compared to the consensus estimate of $209.49 million. Autohome had a return on equity of 23.48% and a net margin of 25.52%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. sell-side analysts expect that Autohome will post 2.14 EPS for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, January 3rd.
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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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