Autohome (NYSE:ATHM) had its target price raised by stock analysts at Bank of America from $96.00 to $100.00 in a report issued on Wednesday. The brokerage presently has a “buy” rating on the information services provider’s stock. Bank of America‘s price objective suggests a potential upside of 5.95% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the company. Macquarie initiated coverage on Autohome in a research note on Sunday, December 9th. They issued an “outperform” rating and a $82.34 price objective for the company. ValuEngine raised Autohome from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. JPMorgan Chase & Co. cut Autohome from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $68.00 to $58.00 in a research note on Monday, January 28th. Benchmark dropped their price objective on Autohome from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, November 13th. Finally, Credit Suisse Group cut Autohome from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $83.00 to $92.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $86.91.
Shares of NYSE ATHM opened at $94.39 on Wednesday. Autohome has a twelve month low of $61.43 and a twelve month high of $119.50. The firm has a market capitalization of $11.11 billion, a PE ratio of 35.89, a PEG ratio of 0.94 and a beta of 1.40.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in Autohome by 24.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,523 shares of the information services provider’s stock worth $119,000 after purchasing an additional 301 shares in the last quarter. Principal Financial Group Inc. grew its stake in Autohome by 2.1% during the 4th quarter. Principal Financial Group Inc. now owns 15,504 shares of the information services provider’s stock worth $1,212,000 after purchasing an additional 313 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in Autohome during the 4th quarter worth $35,000. Nomura Asset Management Co. Ltd. grew its stake in Autohome by 20.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 3,860 shares of the information services provider’s stock worth $302,000 after purchasing an additional 660 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in Autohome by 2.8% during the 3rd quarter. Teachers Advisors LLC now owns 29,500 shares of the information services provider’s stock worth $2,284,000 after purchasing an additional 800 shares in the last quarter. 50.69% 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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