Zacks Investment Research downgraded shares of Autohome (NYSE:ATHM) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Autohome Inc. offers an online destination for automobile consumers primarily in the People’s Republic of China. The company through its Websites, autohome.com.cn and che168.com delivers content to automobile buyers and owners. It also offers advertising services; dealer subscription services; used automobile listings services; automobile dealer subscription services as well as operates automotive aftermarket services platform and real-time feedback on the service providers. Autohome Inc. is based in Beijing, China. “

Several other analysts have also issued reports on the stock. Citigroup reiterated a buy rating and set a $110.00 price target (down previously from $125.00) on shares of Autohome in a research report on Friday, July 5th. Sanford C. Bernstein began coverage on shares of Autohome in a research report on Thursday, June 27th. They issued an outperform rating and a $110.00 target price on the stock. JPMorgan Chase & Co. set a $195.00 target price on shares of bluebird bio and gave the company a buy rating in a research report on Friday, May 17th. ValuEngine lowered shares of Intersect ENT from a buy rating to a hold rating in a research report on Monday, June 3rd. Finally, CLSA set a $120.00 target price on shares of Autohome and gave the company a buy rating in a research report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Autohome currently has an average rating of Hold and a consensus target price of $107.33.

Shares of NYSE:ATHM opened at $81.50 on Wednesday. The stock’s 50 day simple moving average is $87.53. Autohome has a 12-month low of $61.43 and a 12-month high of $117.99. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 0.94 and a beta of 1.48.

Autohome (NYSE:ATHM) last announced its earnings results on Wednesday, May 8th. The information services provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. Autohome had a net margin of 40.12% and a return on equity of 30.85%. The firm had revenue of $240.00 million for the quarter, compared to analyst estimates of $234.43 million. During the same quarter in the prior year, the business posted $0.70 EPS. On average, equities research analysts forecast that Autohome will post 4.31 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of ATHM. Lindbrook Capital LLC raised its stake in shares of Autohome by 211.0% during the first quarter. Lindbrook Capital LLC now owns 255 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 173 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Autohome by 15.0% during the first quarter. Quadrant Capital Group LLC now owns 951 shares of the information services provider’s stock valued at $99,000 after acquiring an additional 124 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of Autohome during the first quarter valued at $106,000. Daiwa Securities Group Inc. raised its stake in shares of Autohome by 52.1% during the first quarter. Daiwa Securities Group Inc. now owns 1,065 shares of the information services provider’s stock valued at $112,000 after acquiring an additional 365 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Autohome by 24.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,523 shares of the information services provider’s stock valued at $119,000 after acquiring an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 54.47% of the company’s stock.

About Autohome

Autohome Inc operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including company generated content, such as automobile-related articles and reviews, pricing trends in various local markets, photographs, video clips, and live streaming; automobile library, which comprises a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user generated content and forums.

Further Reading: What is an overbought condition?

Get a free copy of the Zacks research report on Autohome (ATHM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Autohome (NYSE:ATHM)

Receive News & Ratings for Autohome Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autohome and related companies with MarketBeat.com's FREE daily email newsletter.