Autohome Inc (ATHM) Given Average Rating of “Buy” by Brokerages
Autohome Inc (NYSE:ATHM) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $66.56.
Several equities research analysts have recently issued reports on ATHM shares. BidaskClub lowered Autohome from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Zacks Investment Research raised Autohome from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective for the company in a research note on Thursday, October 12th. Benchmark raised their price objective on Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Deutsche Bank raised their price objective on Autohome from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, Credit Suisse Group started coverage on Autohome in a research note on Tuesday, October 3rd. They issued an “outperform” rating and a $70.80 price objective for the company.
Several hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Autohome during the 3rd quarter worth approximately $1,152,000. Janus Henderson Group PLC lifted its stake in shares of Autohome by 21.8% during the 3rd quarter. Janus Henderson Group PLC now owns 437,329 shares of the information services provider’s stock worth $26,273,000 after acquiring an additional 78,300 shares during the last quarter. Caxton Associates LP bought a new stake in shares of Autohome during the 3rd quarter worth approximately $300,000. Jane Street Group LLC lifted its stake in shares of Autohome by 37.5% during the 3rd quarter. Jane Street Group LLC now owns 24,445 shares of the information services provider’s stock worth $1,469,000 after acquiring an additional 6,664 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Autohome during the 3rd quarter worth approximately $811,000. 38.84% of the stock is owned by hedge funds and other institutional investors.
Autohome (NYSE:ATHM) traded up $0.23 during trading hours on Friday, hitting $55.60. The stock had a trading volume of 1,121,608 shares, compared to its average volume of 1,007,147. The company has a market cap of $6,360.00, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 1.44 and a beta of 2.12. Autohome has a 1-year low of $24.71 and a 1-year high of $67.69.
The business also recently disclosed a special dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, January 3rd.
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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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