Autohome Inc (ADR) (ATHM) was Upgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 18, 2016.
Many Wall Street Analysts have commented on Autohome Inc (ADR). JP Morgan Initiated Autohome Inc (ADR) on Feb 23, 2016 to “Neutral”, Price Target of the shares are set at $26.Autohome Inc (ADR) was Downgraded by Credit Agricole to ” Underperform” on Feb 22, 2016. Autohome Inc (ADR) was Initiated by HSBC Securities to “Buy” on Jan 27, 2016.
On the company’s financial health, Autohome Inc (ADR) reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.34. The company had revenue of $167.00 million for the quarter, compared to analysts expectations of $152.81 million. The company’s revenue was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Autohome Inc (ADR) opened for trading at $31.57 and hit $32.15 on the upside on Friday, eventually ending the session at $32.15, with a gain of 6.60% or 1.99 points. The heightened volatility saw the trading volume jump to 26,76,573 shares. Company has a market cap of $3,635 M.
Autohome Inc. is an online destination for automobile consumers in China. The Company provides online advertising and dealer subscription services through its Websites and mobile applications. These services are offered to automakers and dealers and advertising agencies. Its Websites include autohome.com.cn and che168.com. Its logo (Autohome) brand is the searched automotive-related keyword on Baidu.com the Chinese language Internet search engine. The content it provides to its users includes professionally produced content serves consumers throughout the automobile ownership life cycle; user generated content is the online community of automotive consumers in China; automobile library is the online automobile library in China with vehicle model configurations and photos and automobile listing information features up-to-date listings of both new and used automobiles on its Websites. The Company provides its advertisers with a range of advertising solutions and tools.