Autohome Inc. (NYSE:ATHM) Receives $28.00 Consensus Price Target from Brokerages

Shares of Autohome Inc. (NYSE:ATHM) have earned a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $28.00.

ATHM has been the subject of a number of research reports. The Goldman Sachs Group raised Autohome to a “hold” rating in a research note on Wednesday, December 11th. StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Friday.

Autohome Price Performance

Shares of ATHM stock opened at $28.67 on Wednesday. The stock has a market cap of $3.47 billion, a PE ratio of 15.49 and a beta of 0.18. The stock has a 50-day moving average of $27.55 and a 200-day moving average of $27.88. Autohome has a one year low of $21.89 and a one year high of $34.70.

Autohome (NYSE:ATHM) last posted its earnings results on Thursday, February 20th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Autohome had a return on equity of 7.79% and a net margin of 23.02%. The business had revenue of $244.33 million during the quarter, compared to analysts’ expectations of $243.26 million. As a group, research analysts anticipate that Autohome will post 1.84 earnings per share for the current year.

Institutional Investors Weigh In On Autohome

A number of large investors have recently added to or reduced their stakes in ATHM. Robeco Institutional Asset Management B.V. raised its stake in Autohome by 140.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,718,761 shares of the information services provider’s stock valued at $44,602,000 after acquiring an additional 1,004,043 shares during the period. Norges Bank bought a new position in Autohome during the 4th quarter worth $12,195,000. Invesco Ltd. increased its position in Autohome by 7.0% during the 4th quarter. Invesco Ltd. now owns 6,388,268 shares of the information services provider’s stock worth $165,776,000 after buying an additional 415,515 shares during the period. M&G PLC increased its position in Autohome by 9.6% during the 3rd quarter. M&G PLC now owns 3,384,865 shares of the information services provider’s stock worth $111,701,000 after buying an additional 296,107 shares during the period. Finally, North of South Capital LLP increased its position in Autohome by 16.3% during the 4th quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock worth $51,001,000 after buying an additional 274,974 shares during the period. Institutional investors own 63.08% of the company’s stock.

About Autohome

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.