Autohome (NYSE:ATHM) Downgraded by Benchmark to “Hold”

Benchmark lowered shares of Autohome (NYSE:ATHM) from a buy rating to a hold rating in a research note issued to investors on Friday, BenzingaRatingsTable reports.

A number of other research firms also recently commented on ATHM. Macquarie set a $131.00 price objective on shares of Baidu and gave the company a hold rating in a research note on Thursday, July 4th. Sanford C. Bernstein started coverage on shares of Autohome in a research note on Thursday, June 27th. They set an outperform rating and a $110.00 price objective for the company. ValuEngine downgraded shares of Intersect ENT from a buy rating to a hold rating in a research note on Monday, June 3rd. CLSA set a $120.00 price objective on shares of Autohome and gave the company a buy rating in a research note on Monday, June 24th. Finally, CICC Research downgraded shares of Autohome from a buy rating to a hold rating in a research note on Thursday, July 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $107.33.

Shares of ATHM stock opened at $82.23 on Friday. The company has a 50-day moving average price of $86.20. Autohome has a twelve month low of $61.43 and a twelve month high of $117.99. The firm has a market cap of $9.74 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 0.94 and a beta of 1.49.

Autohome (NYSE:ATHM) last posted its quarterly earnings data on Wednesday, May 8th. The information services provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. Autohome had a net margin of 40.12% and a return on equity of 30.85%. The company had revenue of $240.00 million during the quarter, compared to the consensus estimate of $234.43 million. During the same quarter in the prior year, the company posted $0.70 EPS. As a group, equities analysts expect that Autohome will post 4.18 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in Autohome by 228.0% during the 4th quarter. Bank of America Corp DE now owns 113,330 shares of the information services provider’s stock worth $8,866,000 after purchasing an additional 78,782 shares in the last quarter. Krane Funds Advisors LLC increased its position in Autohome by 4.2% during the 1st quarter. Krane Funds Advisors LLC now owns 687,072 shares of the information services provider’s stock worth $72,225,000 after purchasing an additional 27,778 shares in the last quarter. OMERS ADMINISTRATION Corp increased its position in Autohome by 120.0% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 13,200 shares of the information services provider’s stock worth $1,033,000 after purchasing an additional 7,200 shares in the last quarter. GAM Holding AG acquired a new stake in Autohome during the 1st quarter worth approximately $841,000. Finally, Two Sigma Investments LP acquired a new stake in Autohome during the 4th quarter worth approximately $496,000. 54.27% of the stock is owned by institutional investors.

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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