Autohome (NYSE:ATHM) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.
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. "
Other research analysts have also issued research reports about the company. HSBC decreased their target price on Autohome from $137.00 to $115.00 and set a "buy" rating on the stock in a research report on Friday, May 28th. CLSA lowered Autohome from an "outperform" rating to an "underperform" rating in a research report on Thursday, May 27th. TheStreet lowered Autohome from a "b" rating to a "c+" rating in a research report on Monday, May 24th. Benchmark downgraded Autohome from a "buy" rating to a "hold" rating in a research note on Friday, May 28th. Finally, Morgan Stanley downgraded Autohome from an "overweight" rating to an "equal weight" rating and set a $50.00 price objective for the company. in a research note on Wednesday. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. Autohome currently has a consensus rating of "Hold" and an average target price of $86.66.
Shares of NYSE:ATHM traded down $4.17 during midday trading on Wednesday, reaching $52.99. 2,032,232 shares of the company's stock traded hands, compared to its average volume of 796,578. Autohome has a 1 year low of $51.92 and a 1 year high of $147.67. The stock has a market cap of $6.68 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.77 and a beta of 0.51. The company has a fifty day simple moving average of $70.17.
Autohome (NYSE:ATHM) last announced its earnings results on Wednesday, May 26th. The information services provider reported $6.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $5.13. Autohome had a return on equity of 21.13% and a net margin of 38.64%. The firm had revenue of $281.10 million for the quarter, compared to analyst estimates of $284.94 million. During the same quarter last year, the firm posted $0.76 EPS. The business's revenue was up 28.7% on a year-over-year basis. Research analysts anticipate that Autohome will post 4.74 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of ATHM. Los Angeles Capital Management LLC increased its stake in shares of Autohome by 12.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 11,346 shares of the information services provider's stock worth $1,130,000 after acquiring an additional 1,276 shares during the last quarter. FIL Ltd increased its stake in shares of Autohome by 25.1% in the 4th quarter. FIL Ltd now owns 1,261,356 shares of the information services provider's stock worth $125,657,000 after acquiring an additional 252,925 shares during the last quarter. Northern Trust Corp increased its stake in shares of Autohome by 5.7% in the 4th quarter. Northern Trust Corp now owns 356,950 shares of the information services provider's stock worth $35,560,000 after acquiring an additional 19,220 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Autohome in the 4th quarter worth $263,000. Finally, Eaton Vance Management acquired a new stake in shares of Autohome in the 4th quarter worth $200,000. 56.15% of the stock is owned by institutional investors and hedge funds.
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, and its mobile applications and mini apps, delivers interactive content and tools to automobile consumers. It provides media services, including automaker advertising services and regional marketing campaigns; and leads generation services comprising dealer subscription services, advertising services for individual dealers, and used automobile listing and other platform-based services.
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