Autohome Inc. (NYSE:ATHM) Receives $32.00 Consensus Price Target from Brokerages

Autohome Inc. (NYSE:ATHM) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $32.00.

A number of brokerages have commented on ATHM. JPMorgan Chase & Co. raised shares of Autohome from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $24.00 to $36.00 in a research note on Wednesday, March 12th. StockNews.com lowered Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group upgraded Autohome to a “hold” rating in a research report on Wednesday, December 11th.

Autohome Trading Up 1.0 %

NYSE:ATHM opened at $28.15 on Friday. The business’s 50-day moving average is $28.92 and its 200 day moving average is $28.59. Autohome has a 12 month low of $21.89 and a 12 month high of $34.70. The company has a market capitalization of $3.41 billion, a P/E ratio of 15.22 and a beta of 0.20.

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

Hedge Funds Weigh In On Autohome

Several hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Autohome by 948.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 79,508 shares of the information services provider’s stock valued at $2,594,000 after buying an additional 71,923 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in shares of Autohome by 1.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 37,907 shares of the information services provider’s stock worth $1,238,000 after acquiring an additional 394 shares during the last quarter. Bank of Montreal Can boosted its holdings in Autohome by 33.8% during the 3rd quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider’s stock valued at $3,484,000 after acquiring an additional 26,657 shares during the period. BNP Paribas Financial Markets grew its position in Autohome by 8.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 261,564 shares of the information services provider’s stock valued at $8,532,000 after acquiring an additional 19,983 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Autohome by 16.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,193 shares of the information services provider’s stock valued at $1,018,000 after purchasing an additional 4,516 shares during the period. 63.08% of the stock is currently owned by institutional investors.

About Autohome

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.