Zacks Investment Research upgraded shares of Autohome Inc (NYSE:ATHM) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

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. “

Analyst Recommendations for Autohome (NYSE:ATHM)

Other equities research analysts have also recently issued research reports about the company. Brean Capital restated a buy rating on shares of Autohome in a research note on Tuesday, June 21st. Credit Agricole SA upgraded Autohome from an underperform rating to a buy rating in a research note on Wednesday, August 17th. JPMorgan Chase & Co. initiated coverage on Autohome in a research note on Wednesday, August 31st. They set a neutral rating and a $25.00 target price for the company. Finally, Credit Suisse Group AG cut Autohome from a neutral rating to an underperform rating and decreased their target price for the stock 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 given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $31.06.

Autohome (NYSE:ATHM) opened at 24.95 on Tuesday. The stock’s 50 day moving average price is $24.24 and its 200-day moving average price is $25.30. Autohome has a 12 month low of $19.32 and a 12 month high of $37.73. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 17.36 and a beta of 2.11.

Autohome (NYSE:ATHM) last posted its earnings results on Tuesday, August 16th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The business had revenue of $207.40 million for the quarter, compared to analysts’ expectations of $207.38 million. Autohome’s revenue for the quarter was up 49.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. Equities research analysts predict that Autohome will post $1.71 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATHM. Seven Eight Capital LLC bought a new position in Autohome during the first quarter worth about $569,000. Ngam Advisors L.P. raised its position in Autohome by 138.9% in the first quarter. Ngam Advisors L.P. now owns 55,359 shares of the company’s stock worth $1,547,000 after buying an additional 32,186 shares during the last quarter. Wesbanco Bank Inc. raised its position in Autohome by 43.4% in the second quarter. Wesbanco Bank Inc. now owns 15,275 shares of the company’s stock worth $307,000 after buying an additional 4,620 shares during the last quarter. GSA Capital Partners LLP raised its position in Autohome by 135.6% in the second quarter. GSA Capital Partners LLP now owns 44,823 shares of the company’s stock worth $901,000 after buying an additional 25,800 shares during the last quarter. Finally, Greenwoods Asset Management Ltd raised its position in Autohome by 126.3% in the first quarter. Greenwoods Asset Management Ltd now owns 1,290,000 shares of the company’s stock worth $36,043,000 after buying an additional 720,000 shares during the last quarter.

About Autohome

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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