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

Autohome Inc. (NYSE:ATHM) has been given an average recommendation of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $32.00.

Several brokerages recently issued reports on ATHM. JPMorgan Chase & Co. upgraded shares of Autohome from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $24.00 to $36.00 in a research note on Wednesday, March 12th. StockNews.com downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group raised Autohome to a “hold” rating in a research report on Wednesday, December 11th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ATHM. Vontobel Holding Ltd. raised its holdings in Autohome by 27.4% in the 4th quarter. Vontobel Holding Ltd. now owns 8,564 shares of the information services provider’s stock worth $222,000 after acquiring an additional 1,841 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Autohome in the third quarter worth $228,000. Walleye Capital LLC purchased a new position in shares of Autohome in the fourth quarter worth $231,000. Headlands Technologies LLC lifted its holdings in shares of Autohome by 1,135.5% during the fourth quarter. Headlands Technologies LLC now owns 9,872 shares of the information services provider’s stock valued at $256,000 after purchasing an additional 9,073 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Autohome during the fourth quarter valued at $257,000. 63.08% of the stock is owned by hedge funds and other institutional investors.

Autohome Stock Performance

ATHM stock opened at $27.74 on Friday. Autohome has a fifty-two week low of $21.89 and a fifty-two week high of $34.70. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 14.99 and a beta of 0.20. The business’s 50 day moving average price is $28.92 and its two-hundred day moving average price is $28.60.

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

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.