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. “
Several other equities analysts have also weighed in on the stock. Brean Capital reissued a buy rating on shares of Autohome in a research report on Wednesday, August 31st. JPMorgan Chase & Co. initiated coverage on shares of Autohome in a research note on Wednesday, August 31st. They issued a neutral rating and a $25.00 price target on the stock. Credit Agricole SA upgraded shares of Autohome from an underperform rating to a buy rating in a research note on Wednesday, August 17th. Finally, Credit Suisse Group AG downgraded shares of Autohome from a neutral rating to an underperform rating and decreased their price target for the company from $31.50 to $18.00 in a research note on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Autohome has a consensus rating of Hold and a consensus target price of $31.06.
Shares of Autohome (NYSE:ATHM) opened at 24.52 on Tuesday. Autohome has a 52-week low of $19.32 and a 52-week high of $37.73. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 17.04 and a beta of 2.11. The firm has a 50-day moving average of $24.35 and a 200 day moving average of $25.22.
Autohome (NYSE:ATHM) last issued its quarterly earnings data on Tuesday, August 16th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company earned $207.40 million during the quarter, compared to the consensus estimate of $207.38 million. Autohome’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. Analysts predict that Autohome will post $1.71 EPS for the current year.
Large investors have recently made changes to their positions in the company. Contrarius Investment Management Ltd increased its stake in shares of Autohome by 38.0% in the second quarter. Contrarius Investment Management Ltd now owns 1,056,704 shares of the company’s stock worth $21,250,000 after buying an additional 290,776 shares during the last quarter. Tairen Capital Ltd increased its stake in Autohome by 564.6% in the second quarter. Tairen Capital Ltd now owns 232,627 shares of the company’s stock worth $4,678,000 after buying an additional 197,627 shares during the last quarter. Bank of Montreal Can bought a new stake in Autohome during the second quarter worth $312,000. Tiger Pacific Capital LP increased its stake in Autohome by 6.3% in the second quarter. Tiger Pacific Capital LP now owns 1,321,191 shares of the company’s stock worth $26,569,000 after buying an additional 78,718 shares during the last quarter. Finally, Vontobel Asset Management Inc. increased its stake in Autohome by 423.8% in the second quarter. Vontobel Asset Management Inc. now owns 215,811 shares of the company’s stock worth $4,340,000 after buying an additional 174,611 shares during the last quarter.
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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