Analysts Set Autohome Inc. (ATHM) Price Target at $58.33

Autohome Inc. (NYSE:ATHM) has received an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $58.33.

Several research analysts have issued reports on the company. UBS AG cut Autohome from a “neutral” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research cut Autohome from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Deutsche Bank AG raised 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 report on Thursday, August 10th. ValuEngine cut Autohome from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Benchmark Co. raised Autohome from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Thursday, August 10th.

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A number of large investors have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in Autohome by 6.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,511,240 shares of the information services provider’s stock worth $340,710,000 after purchasing an additional 468,039 shares during the last quarter. BlackRock Inc. boosted its position in Autohome by 1,380.8% in the second 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 during the last quarter. Vontobel Asset Management Inc. boosted its position in Autohome by 2,290.1% in the second quarter. Vontobel Asset Management Inc. now owns 4,470,974 shares of the information services provider’s stock worth $206,105,000 after purchasing an additional 4,283,910 shares during the last quarter. Investec Asset Management LTD boosted its position in Autohome by 20.9% in 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 last quarter. Finally, Comgest Global Investors S.A.S. boosted its position in Autohome by 969.5% in the second quarter. Comgest Global Investors S.A.S. now owns 1,286,647 shares of the information services provider’s stock worth $58,362,000 after purchasing an additional 1,166,347 shares during the last quarter. 40.13% of the stock is currently owned by institutional investors and hedge funds.

Autohome (NYSE ATHM) traded up 1.76% during midday trading on Friday, reaching $64.20. 630,856 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $61.59 and its 200-day moving average price is $44.99. The stock has a market cap of $7.45 billion, a PE ratio of 33.42 and a beta of 2.19. Autohome has a one year low of $22.07 and a one year high of $67.69.

Autohome (NYSE:ATHM) last released its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.65 EPS for the quarter, topping the 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 the consensus estimate of $209.49 million. During the same period last year, the company earned $0.51 EPS. Autohome’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities analysts predict that Autohome will post $2.48 earnings per share for the current year.

Autohome Company Profile

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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