Autohome Inc (ADR) (ATHM) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Jun 28, 2016.
Many Wall Street Analysts have commented on Autohome Inc (ADR). Brean Capital Initiated Autohome Inc (ADR) on Jun 6, 2016 to “Buy”, Price Target of the shares are set at $31.Autohome Inc (ADR) was Upgraded by Credit Suisse to ” Neutral” on Apr 18, 2016.
On the company’s financial health, Autohome Inc (ADR) reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jun 1, 2016. Analyst had a consensus of $0.26. The company had revenue of $169.60 million for the quarter, compared to analysts expectations of $162.78 million. The company’s revenue was up 68.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Autohome Inc (ADR) closed down -1.21 points or -5.26% at $21.8 with 13,20,145 shares getting traded on Monday. Post opening the session at $23, the shares hit an intraday low of $20.93 and an intraday high of $23 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.