Autohome Inc. (NYSE:ATHM) Given Consensus Rating of "Reduce" by Analysts

Key Points

• Analysts have a consensus “Reduce” rating on Autohome, with two sell ratings and four holds among six firms. The average 12-month price target is $17.77, below the stock’s reported $21.40 price.
• Recent research was mixed but generally cautious: Bank of America downgraded the stock to “underperform,” while JPMorgan lowered its target to $17 and maintained a “neutral” rating.
• Autohome shares have traded between $15.57 and $29.92 over the past year, and institutional investors own 63.08% of the company, with several major investment firms increasing their stakes.

Shares of Autohome Inc. (NYSE:ATHM - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the six research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.7667.

ATHM has been the topic of several recent analyst reports. Bank of America lowered Autohome from a "neutral" rating to an "underperform" rating and set a $19.00 price target on the stock. in a research report on Tuesday, August 18th. JPMorgan Chase & Co. cut their price objective on Autohome from $20.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, June 3rd. Zacks Research raised shares of Autohome from a "strong sell" rating to a "hold" rating in a research note on Friday, August 7th. Weiss Ratings restated a "sell (d+)" rating on shares of Autohome in a report on Friday, July 17th. Finally, Wall Street Zen raised shares of Autohome from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd.

Autohome Stock Performance

NYSE:ATHM opened at $21.40 on Wednesday. The stock's 50-day simple moving average is $22.00 and its 200 day simple moving average is $19.51. The company has a market cap of $2.46 billion, a P/E ratio of 18.44 and a beta of 0.23. Autohome has a 52-week low of $15.57 and a 52-week high of $29.92.

Institutional Investors Weigh In On Autohome

A number of institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in Autohome by 13.4% in the 4th quarter. BNP Paribas Financial Markets now owns 362,660 shares of the information services provider's stock valued at $8,073,000 after purchasing an additional 42,746 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Autohome by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 370,108 shares of the information services provider's stock valued at $6,424,000 after buying an additional 60,511 shares during the period. Bank of America Corp DE lifted its position in shares of Autohome by 159.7% in the first quarter. Bank of America Corp DE now owns 364,818 shares of the information services provider's stock valued at $6,337,000 after buying an additional 224,318 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Autohome in the first quarter valued at approximately $5,714,000. Finally, ABN Amro Investment Solutions lifted its position in shares of Autohome by 47.6% in the first quarter. ABN Amro Investment Solutions now owns 308,171 shares of the information services provider's stock valued at $5,353,000 after buying an additional 99,422 shares during the last quarter. 63.08% of the stock is owned by institutional investors.

Autohome Company Profile

Autohome Inc is a China-based online platform focused on the automotive industry. The company provides automotive content and information, including vehicle specifications, reviews, news, comparisons, pricing information and user-generated discussions designed to help consumers research and purchase vehicles.

Autohome also operates digital marketplaces and online services that connect consumers with automakers, dealers and other automotive businesses. Its offerings support new-vehicle and used-vehicle transactions, advertising, sales leads, dealer marketing, data services and other technology solutions for automotive industry participants.

Founded in 2008, Autohome primarily serves consumers and automotive businesses in China through websites, mobile applications and related digital platforms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.