ValuEngine lowered shares of Autohome (NYSE:ATHM) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
ATHM has been the topic of several other reports. Zacks Investment Research upgraded shares of Autohome from a hold rating to a buy rating and set a $69.00 target price on the stock in a report on Thursday, December 14th. Citigroup assumed coverage on shares of Autohome in a report on Tuesday, January 2nd. They issued a buy rating and a $83.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Autohome presently has an average rating of Hold and a consensus target price of $68.97.
Autohome (NYSE ATHM) traded up $4.15 on Friday, reaching $88.64. 2,046,278 shares of the company’s stock traded hands, compared to its average volume of 812,111. The firm has a market capitalization of $10,473.88, a price-to-earnings ratio of 37.09 and a beta of 2.26. Autohome has a 12 month low of $28.63 and a 12 month high of $90.93.
Autohome (NYSE:ATHM) last posted its earnings results on Wednesday, March 7th. The information services provider reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The company had revenue of $269.20 million for the quarter, compared to analyst estimates of $266.37 million. Autohome had a net margin of 32.35% and a return on equity of 26.39%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. equities research analysts expect that Autohome will post 3.01 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Advisor Group Inc. raised its holdings in shares of Autohome by 100.4% during the third quarter. Advisor Group Inc. now owns 1,826 shares of the information services provider’s stock worth $110,000 after acquiring an additional 915 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of Autohome during the fourth quarter worth $224,000. Dixon Hubard Feinour & Brown Inc. VA acquired a new stake in shares of Autohome during the fourth quarter worth $200,000. Suntrust Banks Inc. acquired a new stake in shares of Autohome during the fourth quarter worth $216,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Autohome by 176.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 3,530 shares of the information services provider’s stock worth $1,027,000 after acquiring an additional 2,251 shares during the period. Institutional investors and hedge funds own 40.53% of the company’s stock.
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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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