Analysts Set Autohome Inc. (NYSE:ATHM) Price Target at $28.00

Autohome Inc. (NYSE:ATHM) has earned a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $28.00.

ATHM has been the subject of a number of research analyst reports. StockNews.com downgraded Autohome from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group upgraded Autohome to a “hold” rating in a report on Wednesday, December 11th. CLSA lowered Autohome from an “outperform” rating to a “hold” rating in a report on Thursday, October 24th. Finally, Hsbc Global Res raised shares of Autohome to a “strong-buy” rating in a report on Thursday, October 3rd.

Autohome Trading Up 0.0 %

Shares of NYSE:ATHM opened at $26.05 on Friday. The company has a 50 day moving average of $28.38 and a 200-day moving average of $27.50. The firm has a market cap of $3.15 billion, a P/E ratio of 12.96 and a beta of 0.20. Autohome has a twelve month low of $21.89 and a twelve month high of $34.70.

Autohome declared that its Board of Directors has approved a stock repurchase program on Wednesday, September 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Autohome Increases Dividend

The business also recently announced a Variable dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, December 31st will be issued a $1.15 dividend. This represents a dividend yield of 5.8%. This is a boost from Autohome’s previous Variable dividend of $0.57. The ex-dividend date of this dividend is Tuesday, December 31st. Autohome’s payout ratio is presently 83.58%.

Institutional Investors Weigh In On Autohome

Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Autohome during the 3rd quarter worth approximately $6,663,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Autohome by 11.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,311,742 shares of the information services provider’s stock worth $36,007,000 after acquiring an additional 133,993 shares in the last quarter. Bank of Montreal Can boosted its position in Autohome by 33.8% during the 3rd quarter. Bank of Montreal Can now owns 105,514 shares of the information services provider’s stock worth $3,484,000 after acquiring an additional 26,657 shares during the period. Hsbc Holdings PLC grew its stake in Autohome by 10.7% during the 2nd quarter. Hsbc Holdings PLC now owns 249,984 shares of the information services provider’s stock valued at $6,862,000 after acquiring an additional 24,115 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Autohome in the 2nd quarter valued at about $2,497,000. Hedge funds and other institutional investors own 63.08% of the company’s stock.

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.