Autohome (NYSE:ATHM) to Buyback $0.00 in Shares

Autohome (NYSE:ATHM) announced that its board has initiated a stock repurchase plan on Wednesday, September 4th, RTT News reports. The company plans to buyback $0.00 in shares. This buyback authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Autohome Stock Performance

Shares of Autohome stock traded down $0.02 on Monday, hitting $27.55. 400,829 shares of the company’s stock were exchanged, compared to its average volume of 474,069. The stock has a market capitalization of $3.34 billion, a PE ratio of 13.06 and a beta of 0.14. The company has a 50-day simple moving average of $25.19 and a 200-day simple moving average of $26.29. Autohome has a 1 year low of $21.89 and a 1 year high of $30.92.

Autohome (NYSE:ATHM) last announced its quarterly earnings data on Wednesday, July 31st. The information services provider reported $4.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $4.12. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.87 billion. Autohome had a net margin of 25.81% and a return on equity of 8.19%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. On average, analysts expect that Autohome will post 1.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ATHM shares. Citigroup reiterated a “neutral” rating and set a $28.00 target price (down from $31.00) on shares of Autohome in a report on Friday, July 19th. StockNews.com raised shares of Autohome from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Finally, Benchmark cut Autohome from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th.

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.