Somewhat Favorable News Coverage Somewhat Unlikely to Impact Autohome (ATHM) Stock Price
Press coverage about Autohome (NYSE:ATHM) has been trending somewhat positive on Saturday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Autohome earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave headlines about the information services provider an impact score of 46.2311040540933 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of brokerages have weighed in on ATHM. Zacks Investment Research upgraded Autohome from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Thursday, December 14th. Benchmark boosted their price objective on Autohome from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. BidaskClub cut Autohome from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Deutsche Bank upped their price target on Autohome from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Finally, Citigroup started coverage on Autohome in a research note on Tuesday, January 2nd. They set a “buy” rating and a $83.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Autohome currently has an average rating of “Buy” and a consensus target price of $68.97.
Autohome (NYSE:ATHM) traded down $2.41 during trading on Friday, hitting $82.59. The stock had a trading volume of 501,099 shares, compared to its average volume of 830,144. Autohome has a twelve month low of $28.63 and a twelve month high of $86.86. The stock has a market capitalization of $9,520.00, a PE ratio of 35.91 and a beta of 2.28.
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Autohome Inc is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services in the People’s Republic of China (PRC). The Company, through its Websites, autohome.com.cn and che168.com, and mobile applications, delivers content to automobile buyers and owners.
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