Autohome Inc. (NYSE:ATHM) Receives $22.65 Consensus Price Target from Analysts

Shares of Autohome Inc. (NYSE:ATHM) have been assigned an average rating of “Reduce” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.65.

A number of research analysts have commented on the company. Weiss Ratings lowered Autohome from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. HSBC lowered Autohome from a “buy” rating to a “hold” rating and set a $17.30 price target on the stock. in a research note on Thursday, May 14th. Wall Street Zen lowered Autohome from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research raised Autohome from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Benchmark reaffirmed a “hold” rating on shares of Autohome in a research note on Tuesday, February 24th.

Hedge Funds Weigh In On Autohome

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Autohome during the 2nd quarter valued at $29,000. Global Retirement Partners LLC boosted its position in shares of Autohome by 205.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,652 shares of the information services provider’s stock worth $37,000 after purchasing an additional 1,112 shares during the last quarter. Guinness Asset Management LTD grew its stake in shares of Autohome by 20.7% during the fourth quarter. Guinness Asset Management LTD now owns 3,271 shares of the information services provider’s stock worth $76,000 after purchasing an additional 560 shares during the period. Parallel Advisors LLC increased its holdings in Autohome by 30.5% in the third quarter. Parallel Advisors LLC now owns 2,886 shares of the information services provider’s stock valued at $82,000 after purchasing an additional 674 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Autohome by 141.7% in the third quarter. PNC Financial Services Group Inc. now owns 3,222 shares of the information services provider’s stock valued at $92,000 after purchasing an additional 1,889 shares during the last quarter. 63.08% of the stock is owned by institutional investors.

Autohome Trading Up 0.7%

ATHM opened at $16.95 on Thursday. Autohome has a 1-year low of $16.34 and a 1-year high of $29.92. The stock has a market capitalization of $1.95 billion, a PE ratio of 10.33 and a beta of 0.26. The firm has a 50-day moving average price of $18.19 and a two-hundred day moving average price of $21.05.

Autohome (NYSE:ATHM) last announced its earnings results on Sunday, February 15th. The information services provider reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $208.96 million for the quarter. Autohome had a net margin of 21.43% and a return on equity of 5.94%. On average, research analysts predict that Autohome will post 1.28 EPS for the current year.

About Autohome

Autohome Inc (NYSE: ATHM) operates one of China’s leading online destinations for automobile consumers, offering a comprehensive suite of digital platforms and services throughout the vehicle ownership lifecycle. Headquartered in Beijing, the company’s core website and mobile applications deliver news, reviews, pricing information, photos, videos and interactive tools to help prospective buyers evaluate new and used vehicles. By aggregating rich editorial content with user-generated ratings and expert analyses, Autohome seeks to guide consumers through research, purchase and after-sales decision-making.

In addition to its consumer-facing properties, Autohome provides automakers, dealers and service providers with integrated digital marketing and e-commerce solutions.