Autohome (NYSE:ATHM) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Autohome (NYSE:ATHM) from a neutral rating to an overweight rating in a report published on Wednesday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has $36.00 target price on the information services provider’s stock, up from their prior target price of $24.00.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group raised shares of Autohome to a “hold” rating in a research report on Wednesday, December 11th. StockNews.com cut shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.00.

Autohome Trading Up 2.7 %

Shares of Autohome stock opened at $30.13 on Wednesday. The business has a 50-day moving average price of $28.34 and a two-hundred day moving average price of $28.37. The company has a market cap of $3.65 billion, a P/E ratio of 16.28 and a beta of 0.20. Autohome has a 1-year low of $21.89 and a 1-year high of $34.70.

Autohome (NYSE:ATHM) last announced its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.01. Autohome had a net margin of 23.02% and a return on equity of 7.79%. The business had revenue of $244.33 million for the quarter, compared to analysts’ expectations of $243.26 million. Equities research analysts forecast that Autohome will post 1.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Autohome

A number of hedge funds have recently modified their holdings of the stock. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Autohome in the 4th quarter worth approximately $311,000. GF Fund Management CO. LTD. purchased a new position in Autohome in the 4th quarter valued at approximately $2,760,000. Public Employees Retirement System of Ohio grew its stake in Autohome by 2.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 208,354 shares of the information services provider’s stock valued at $5,407,000 after buying an additional 4,084 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Autohome by 3.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 566,589 shares of the information services provider’s stock valued at $14,703,000 after buying an additional 20,284 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Autohome in the 4th quarter valued at approximately $257,000. Institutional investors own 63.08% of the company’s stock.

Autohome Company Profile

Autohome Inc operates as an online destination for automobile consumers in the People’s Republic of China. The company delivers interactive content and tools to automobile consumers through its three websites, autohome.com.cn, che168.com, and ttpai.cn on PCs, mobile devices, mobile applications, and mini apps.