Autohome (NYSE:ATHM) Downgraded by CLSA to Hold

CLSA lowered shares of Autohome (NYSE:ATHM) from an outperform rating to a hold rating in a research report sent to investors on Thursday, MarketBeat Ratings reports.

Other analysts have also issued research reports about the company. Hsbc Global Res upgraded Autohome to a “strong-buy” rating in a report on Thursday, October 3rd. Benchmark cut shares of Autohome from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Finally, Citigroup reissued a “neutral” rating and issued a $28.00 price objective (down previously from $31.00) on shares of Autohome in a report on Friday, July 19th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Autohome Stock Down 1.6 %

NYSE:ATHM opened at $28.65 on Thursday. Autohome has a twelve month low of $21.89 and a twelve month high of $34.70. The company has a market cap of $3.60 billion, a P/E ratio of 13.58 and a beta of 0.16. The business has a 50 day moving average price of $28.65 and a two-hundred day moving average price of $27.25.

Autohome (NYSE:ATHM) last released its earnings results on Wednesday, July 31st. The information services provider reported $4.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $4.12. Autohome had a net margin of 25.81% and a return on equity of 8.19%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts anticipate that Autohome will post 2.02 earnings per share for the current fiscal year.

Autohome announced that its board has authorized a stock repurchase plan on Wednesday, September 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the information services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Autohome

Institutional investors have recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC bought a new stake in shares of Autohome during the second quarter worth about $28,000. Public Employees Retirement Association of Colorado grew its stake in shares of Autohome by 88.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 1,700 shares of the information services provider’s stock worth $45,000 after purchasing an additional 800 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Autohome by 93.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 5,397 shares of the information services provider’s stock valued at $146,000 after purchasing an additional 2,614 shares during the period. California State Teachers Retirement System raised its position in Autohome by 4.9% during the 1st quarter. California State Teachers Retirement System now owns 7,448 shares of the information services provider’s stock worth $195,000 after purchasing an additional 348 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Autohome by 23.5% during the 2nd quarter. Van ECK Associates Corp now owns 7,098 shares of the information services provider’s stock worth $195,000 after buying an additional 1,351 shares during the period. 63.08% of the stock is currently owned by institutional investors and hedge funds.

Autohome Company Profile

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.