Autohome (ATHM) Upgraded by JPMorgan Chase & Co. to Neutral

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Autohome (NYSE:ATHM) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Friday, The Fly reports. The firm currently has a $90.00 price target on the information services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 9.70% from the stock’s current price.

ATHM has been the subject of a number of other reports. Bank of America lifted their price objective on Autohome from $96.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Zacks Investment Research cut Autohome from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. ValuEngine raised Autohome from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Finally, Credit Suisse Group cut Autohome from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $83.00 to $92.00 in a research note on Wednesday, February 27th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.76.

ATHM stock opened at $99.67 on Friday. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.05 and a beta of 1.39. Autohome has a 52-week low of $61.43 and a 52-week high of $119.50.

Autohome (NYSE:ATHM) last posted its earnings results on Wednesday, May 8th. The information services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $240.00 million during the quarter, compared to analysts’ expectations of $234.43 million. Autohome had a return on equity of 30.85% and a net margin of 40.12%. During the same quarter last year, the firm earned $0.70 earnings per share. Equities analysts expect that Autohome will post 4.53 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Autohome by 0.4% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,400 shares of the information services provider’s stock worth $2,880,000 after purchasing an additional 100 shares in the last quarter. Quadrant Capital Group LLC grew its stake in Autohome by 15.0% during the 1st quarter. Quadrant Capital Group LLC now owns 951 shares of the information services provider’s stock worth $99,000 after purchasing an additional 124 shares in the last quarter. Lindbrook Capital LLC grew its stake in Autohome by 211.0% during the 1st quarter. Lindbrook Capital LLC now owns 255 shares of the information services provider’s stock worth $26,000 after purchasing an additional 173 shares in the last quarter. O Shares Investment Advisers LLC grew its stake in Autohome by 3.8% during the 1st quarter. O Shares Investment Advisers LLC now owns 4,753 shares of the information services provider’s stock worth $500,000 after purchasing an additional 173 shares in the last quarter. Finally, Bridgewater Associates LP grew its stake in Autohome by 1.4% during the 1st quarter. Bridgewater Associates LP now owns 13,983 shares of the information services provider’s stock worth $1,470,000 after purchasing an additional 198 shares in the last quarter. 52.41% of the stock is owned by hedge funds and other institutional investors.

Autohome Company Profile

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, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.

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The Fly

Analyst Recommendations for Autohome (NYSE:ATHM)

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