Autohome (ATHM) PT Set at $95.00 by CLSA

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Autohome (NYSE:ATHM) has been assigned a $95.00 price objective by analysts at CLSA in a report issued on Tuesday. The brokerage presently has a “buy” rating on the information services provider’s stock. CLSA’s price objective points to a potential upside of 37.90% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Autohome in a report on Wednesday, August 29th. They issued a “hold” rating and a $80.00 price target on the stock. ValuEngine cut shares of Autohome from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Finally, Zacks Investment Research upgraded shares of Autohome from a “hold” rating to a “strong-buy” rating and set a $121.00 price target on the stock in a report on Tuesday, July 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.50.

NYSE:ATHM traded down $0.89 during trading hours on Tuesday, hitting $68.89. The company had a trading volume of 904,200 shares, compared to its average volume of 855,952. The stock has a market cap of $9.15 billion, a P/E ratio of 26.19 and a beta of 1.97. Autohome has a 52 week low of $52.93 and a 52 week high of $119.50.

Autohome (NYSE:ATHM) last released its quarterly earnings results on Wednesday, August 8th. The information services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.03. The business had revenue of $282.43 million for the quarter. Autohome had a net margin of 36.15% and a return on equity of 27.64%. Analysts predict that Autohome will post 3.32 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its holdings in shares of Autohome by 17.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,072,359 shares of the information services provider’s stock valued at $310,310,000 after buying an additional 464,887 shares in the last quarter. Standard Life Aberdeen plc boosted its holdings in shares of Autohome by 21,884.6% during the 2nd quarter. Standard Life Aberdeen plc now owns 1,826,703 shares of the information services provider’s stock valued at $184,506,000 after buying an additional 1,818,394 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of Autohome by 39.4% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,639,100 shares of the information services provider’s stock valued at $126,882,000 after buying an additional 463,200 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Autohome by 57.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 463,556 shares of the information services provider’s stock valued at $46,806,000 after buying an additional 168,553 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Autohome by 33.3% during the 2nd quarter. Legal & General Group Plc now owns 341,077 shares of the information services provider’s stock valued at $34,448,000 after buying an additional 85,293 shares in the last quarter. Hedge funds and other institutional investors own 44.44% of the company’s stock.

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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Analyst Recommendations for Autohome (NYSE:ATHM)

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