Autohome (ATHM) Downgraded by ValuEngine to “Sell”

ValuEngine downgraded shares of Autohome (NYSE:ATHM) from a hold rating to a sell rating in a research note released on Saturday.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Autohome from a buy rating to a hold rating in a research note on Monday, February 12th. Citigroup began coverage on shares of Autohome in a research note on Tuesday, January 2nd. They issued a buy rating and a $83.00 price target for the company. Two analysts have rated the stock with a sell rating and seven have issued a buy rating to the stock. Autohome has a consensus rating of Buy and an average price target of $73.97.

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Autohome (NYSE ATHM) opened at $85.76 on Friday. Autohome has a one year low of $28.63 and a one year high of $91.80. The stock has a market cap of $9,670.00, a PE ratio of 32.00 and a beta of 2.26.

Autohome (NYSE:ATHM) last released its quarterly earnings results on Wednesday, March 7th. The information services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. Autohome had a net margin of 32.35% and a return on equity of 25.51%. The company had revenue of $269.20 million during the quarter, compared to the consensus estimate of $266.37 million. During the same period in the prior year, the firm earned $0.55 earnings per share. Autohome’s revenue was down 7.2% on a year-over-year basis. equities analysts anticipate that Autohome will post 3.01 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Handelsbanken Fonder AB increased its stake in shares of Autohome by 1.9% during the fourth quarter. Handelsbanken Fonder AB now owns 217,000 shares of the information services provider’s stock valued at $14,033,000 after purchasing an additional 4,000 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA bought a new position in shares of Autohome during the fourth quarter valued at approximately $200,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Autohome by 26.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,800 shares of the information services provider’s stock valued at $957,000 after purchasing an additional 3,100 shares in the last quarter. Karst Peak Capital Ltd bought a new position in shares of Autohome during the fourth quarter valued at approximately $69,231,000. Finally, Macquarie Group Ltd. increased its stake in shares of Autohome by 101.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,465,144 shares of the information services provider’s stock valued at $76,836,000 after purchasing an additional 737,336 shares in the last quarter. 40.81% of the stock is owned by institutional investors and hedge funds.

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Autohome Company Profile

Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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