Autohome (NYSE:ATHM) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other equities analysts have also issued reports on the company. CLSA set a $95.00 price target on Autohome and gave the company a “buy” rating in a research note on Tuesday, October 16th. JPMorgan Chase & Co. initiated coverage on Autohome in a research note on Wednesday, August 29th. They set a “hold” rating and a $80.00 price target for the company. Finally, Zacks Investment Research raised Autohome from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Autohome presently has an average rating of “Buy” and a consensus target price of $83.50.

Shares of NYSE ATHM opened at $68.66 on Thursday. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 26.11 and a beta of 1.86. Autohome has a 1 year low of $52.93 and a 1 year high of $119.50.

Autohome (NYSE:ATHM) last issued its quarterly earnings results on Wednesday, August 8th. The information services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03. The firm had revenue of $282.43 million during the quarter. Autohome had a return on equity of 27.64% and a net margin of 36.15%. On average, equities research analysts predict that Autohome will post 3.4 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Autohome by 34.4% during the 1st quarter. JPMorgan Chase & Co. now owns 14,227 shares of the information services provider’s stock worth $1,222,000 after acquiring an additional 3,645 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Autohome by 17.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,072,359 shares of the information services provider’s stock worth $310,310,000 after acquiring an additional 464,887 shares in the last quarter. Creative Planning bought a new stake in shares of Autohome during the 2nd quarter worth $311,000. Bridgewater Associates LP bought a new stake in shares of Autohome during the 2nd quarter worth $1,105,000. Finally, Voya Investment Management LLC boosted its stake in shares of Autohome by 41.3% during the 2nd quarter. Voya Investment Management LLC now owns 9,304 shares of the information services provider’s stock worth $940,000 after acquiring an additional 2,720 shares in the last quarter. 44.95% of the stock is owned by institutional investors and hedge funds.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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