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

Autohome Inc. (NYSE:ATHM) has been given a consensus rating of “Hold” by the five brokerages that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $28.00.

ATHM has been the topic of a number of research reports. StockNews.com upgraded shares of Autohome from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. CLSA lowered Autohome from an “outperform” rating to a “hold” rating in a research report on Thursday, October 24th. Hsbc Global Res raised Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group raised Autohome to a “hold” rating in a research note on Wednesday, December 11th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Autohome in the 3rd quarter valued at approximately $6,663,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Autohome by 11.4% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,742 shares of the information services provider’s stock valued at $36,007,000 after acquiring an additional 133,993 shares during the last quarter. Jane Street Group LLC bought a new stake in Autohome in the third quarter worth approximately $784,000. Bank of Montreal Can increased its stake in shares of Autohome by 33.8% during the 3rd quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider’s stock worth $3,484,000 after purchasing an additional 26,657 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Autohome by 10.7% during the 2nd quarter. Hsbc Holdings PLC now owns 249,984 shares of the information services provider’s stock valued at $6,862,000 after purchasing an additional 24,115 shares in the last quarter. Institutional investors and hedge funds own 63.08% of the company’s stock.

Autohome Stock Performance

ATHM opened at $25.77 on Tuesday. The stock’s fifty day moving average is $27.28 and its 200-day moving average is $27.36. Autohome has a one year low of $21.89 and a one year high of $34.70. The company has a market capitalization of $3.12 billion, a PE ratio of 12.82 and a beta of 0.18.

Autohome Increases Dividend

The firm also recently declared a Variable dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, December 31st will be given a dividend of $1.15 per share. This represents a yield of 5.8%. This is a positive change from Autohome’s previous Variable dividend of $0.57. The ex-dividend date of this dividend is Tuesday, December 31st. Autohome’s payout ratio is presently 83.58%.

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.