Autohome Inc. (NYSE:ATHM) Receives $32.00 Consensus PT from Analysts

Autohome Inc. (NYSE:ATHM) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $32.00.

Several research firms recently commented on ATHM. JPMorgan Chase & Co. upgraded shares of Autohome from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $24.00 to $36.00 in a research report on Wednesday, March 12th. The Goldman Sachs Group upgraded shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. Finally, StockNews.com lowered shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Autohome Trading Down 2.1 %

ATHM stock opened at $27.74 on Friday. The firm has a 50 day moving average of $28.86 and a 200-day moving average of $28.59. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 14.99 and a beta of 0.20. Autohome has a 12-month low of $21.89 and a 12-month high of $34.70.

Autohome (NYSE:ATHM) last issued its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. The firm had revenue of $244.33 million during the quarter, compared to analysts’ expectations of $243.26 million. Autohome had a return on equity of 7.79% and a net margin of 23.02%. Sell-side analysts forecast that Autohome will post 1.84 earnings per share for the current fiscal year.

Institutional Trading of Autohome

A number of large investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Autohome by 948.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,508 shares of the information services provider’s stock valued at $2,594,000 after purchasing an additional 71,923 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in shares of Autohome by 1.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock valued at $1,238,000 after buying an additional 394 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Autohome by 33.8% during the third quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider’s stock valued at $3,484,000 after buying an additional 26,657 shares during the period. BNP Paribas Financial Markets boosted its position in Autohome by 8.3% during the third quarter. BNP Paribas Financial Markets now owns 261,564 shares of the information services provider’s stock worth $8,532,000 after acquiring an additional 19,983 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Autohome by 16.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,193 shares of the information services provider’s stock worth $1,018,000 after acquiring an additional 4,516 shares during the last quarter. Institutional investors and hedge funds own 63.08% 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 delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.