Autohome (NYSE:ATHM) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Autohome (NYSE:ATHMGet Rating) from a sell rating to a hold rating in a research report report published on Friday morning, Zacks.com reports.

According to Zacks, “Autohome Inc. offers an online destination for automobile consumers primarily in the People’s Republic of China. The company through its Websites, autohome.com.cn and che168.com delivers content to automobile buyers and owners. It also offers advertising services; dealer subscription services; used automobile listings services; automobile dealer subscription services as well as operates automotive aftermarket services platform and real-time feedback on the service providers. Autohome Inc. is based in Beijing, China. “

ATHM has been the subject of several other reports. Benchmark upgraded Autohome from a hold rating to a buy rating and set a $44.00 target price for the company in a report on Monday, February 28th. JPMorgan Chase & Co. dropped their price target on Autohome from $33.00 to $25.00 in a research report on Monday, March 14th. StockNews.com began coverage on Autohome in a research report on Thursday, March 31st. They issued a hold rating on the stock. Finally, Citigroup raised Autohome from a neutral rating to a buy rating and set a $30.00 price target on the stock in a research report on Thursday, April 28th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $47.29.

ATHM traded down $1.18 on Friday, hitting $26.83. The company had a trading volume of 349,830 shares, compared to its average volume of 633,426. The company’s fifty day moving average price is $28.50 and its 200 day moving average price is $31.81. Autohome has a 1-year low of $20.49 and a 1-year high of $94.89. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 10.05 and a beta of 0.24.

Autohome (NYSE:ATHMGet Rating) last posted its earnings results on Thursday, February 24th. The information services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. Autohome had a return on equity of 11.85% and a net margin of 29.63%. The firm had revenue of $265.80 million during the quarter, compared to analyst estimates of $265.90 million. During the same period in the previous year, the company earned $1.52 EPS. The company’s revenue for the quarter was down 30.2% on a year-over-year basis. Analysts expect that Autohome will post 2.29 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which was paid on Tuesday, April 5th. Shareholders of record on Monday, March 21st were given a $0.53 dividend. This represents a yield of 1.95%. The ex-dividend date of this dividend was Friday, March 18th. Autohome’s dividend payout ratio (DPR) is 19.10%.

A number of large investors have recently made changes to their positions in ATHM. Lindbrook Capital LLC boosted its stake in Autohome by 159.9% in the first quarter. Lindbrook Capital LLC now owns 941 shares of the information services provider’s stock worth $29,000 after purchasing an additional 579 shares in the last quarter. Fieldpoint Private Securities LLC boosted its stake in Autohome by 191.2% in the fourth quarter. Fieldpoint Private Securities LLC now owns 990 shares of the information services provider’s stock worth $29,000 after purchasing an additional 650 shares in the last quarter. Eagle Bay Advisors LLC lifted its stake in shares of Autohome by 100.0% during the third quarter. Eagle Bay Advisors LLC now owns 1,124 shares of the information services provider’s stock valued at $54,000 after acquiring an additional 562 shares during the period. Parallel Advisors LLC lifted its stake in shares of Autohome by 79.8% during the fourth quarter. Parallel Advisors LLC now owns 1,825 shares of the information services provider’s stock valued at $54,000 after acquiring an additional 810 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Autohome by 247.3% during the third quarter. PNC Financial Services Group Inc. now owns 1,903 shares of the information services provider’s stock valued at $89,000 after acquiring an additional 1,355 shares during the period. Hedge funds and other institutional investors own 51.44% of the company’s stock.

Autohome Company Profile (Get Rating)

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, and its mobile applications and mini apps, delivers interactive content and tools to automobile consumers. It provides media services, including automaker advertising services and regional marketing campaigns; and leads generation services comprising dealer subscription services, advertising services for individual dealers, and used automobile listing and other platform-based services.

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