Autohome Inc. (NYSE:ATHM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Autohome Inc. (NYSE:ATHM – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $40.93.

Several research firms have recently weighed in on ATHM. Daiwa Capital Markets reduced their price objective on Autohome from $46.00 to $43.00 in a research report on Wednesday, October 26th. Jefferies Financial Group dropped their price objective on Autohome from $56.00 to $49.00 in a research note on Monday, October 24th. Finally, StockNews.com upgraded Autohome from a “hold” rating to a “buy” rating in a research note on Friday, December 16th.

Autohome Stock Up 2.3 %

Shares of Autohome stock opened at $36.53 on Friday. The stock has a market capitalization of $4.59 billion, a P/E ratio of 20.76 and a beta of 0.21. The stock has a 50 day moving average price of $31.57 and a two-hundred day moving average price of $32.55. Autohome has a 12-month low of $20.49 and a 12-month high of $40.89.

Autohome (NYSE:ATHM – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The information services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.09. Autohome had a return on equity of 8.16% and a net margin of 21.83%. The company had revenue of $259.13 million during the quarter, compared to analysts’ expectations of $254.41 million. Sell-side analysts anticipate that Autohome will post 2.16 earnings per share for the current year.

Hedge Funds Weigh In On Autohome

A number of institutional investors have recently modified their holdings of ATHM. Desjardins Global Asset Management Inc. acquired a new position in Autohome in the 2nd quarter worth about $46,000. Wipfli Financial Advisors LLC bought a new stake in shares of Autohome during the 3rd quarter valued at about $47,000. FMR LLC boosted its holdings in Autohome by 169.4% in the second quarter. FMR LLC now owns 1,770 shares of the information services provider’s stock worth $70,000 after acquiring an additional 1,113 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Autohome by 93.0% in the third quarter. Quadrant Capital Group LLC now owns 3,593 shares of the information services provider’s stock worth $103,000 after purchasing an additional 1,731 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Autohome by 75.3% in the first quarter. Captrust Financial Advisors now owns 3,752 shares of the information services provider’s stock worth $116,000 after purchasing an additional 1,612 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

About Autohome

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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.