Autohome (NYSE:ATHM) Stock Rating Upgraded by JPMorgan Chase & Co.

Autohome (NYSE:ATHM) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage currently has a $36.00 price target on the information services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 21.25% from the stock’s current price.

A number of other brokerages also recently commented on ATHM. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a research note on Wednesday, December 11th. StockNews.com downgraded shares of Autohome from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Autohome presently has an average rating of “Hold” and a consensus target price of $32.00.

Autohome Trading Down 1.4 %

Shares of ATHM stock opened at $29.69 on Wednesday. The company’s fifty day simple moving average is $28.12 and its 200-day simple moving average is $28.31. Autohome has a 52 week low of $21.89 and a 52 week high of $34.70. The company has a market cap of $3.60 billion, a PE ratio of 16.05 and a beta of 0.20.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Thursday, February 20th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The firm had revenue of $244.33 million for the quarter, compared to analysts’ expectations of $243.26 million. Autohome had a return on equity of 7.79% and a net margin of 23.02%. Equities research analysts expect that Autohome will post 1.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Autohome

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. lifted its stake in shares of 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 worth $44,602,000 after acquiring an additional 1,004,043 shares during the period. Norges Bank acquired a new position in shares of Autohome in the 4th quarter worth $12,195,000. Invesco Ltd. boosted its holdings in shares of Autohome by 7.0% in the fourth 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. North of South Capital LLP increased its position in shares of Autohome by 16.3% in the fourth quarter. North of South Capital LLP now owns 1,965,350 shares of the information services provider’s stock worth $51,001,000 after acquiring an additional 274,974 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Autohome during the third quarter valued at approximately $6,663,000. 63.08% of the stock is currently 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 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.