Does AutoHome Inc (NYSE:ATHM) Look Attractive Now? Citigroup Initiates Coverage

April 22, 2018 - By Hazel Jackson

Why Has Citigroup Given AutoHome Inc (NYSE:ATHM) a $83.0 Price Target

Citigroup has begun its coverage for AutoHome Inc (NYSE:ATHM), this morning Tuesday, 2 January. The research firm found the stock of ATHM quite attractive and now has a TP of $83.0 with a key “Buy” rating.

Autohome Inc. (NYSE:ATHM) Ratings Coverage

Among 4 analysts covering AutoHome Inc (NYSE:ATHM), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AutoHome Inc has $76.0 highest and $70.0 lowest target. $73.67’s average target is -25.06% below currents $98.31 stock price. AutoHome Inc had 4 analyst reports since November 7, 2017 according to SRatingsIntel. As per Tuesday, January 2, the company rating was initiated by Citigroup. The firm earned “Buy” rating on Tuesday, November 14 by CLSA. The stock has “Buy” rating by Benchmark on Wednesday, November 8.

The stock increased 0.79% or $0.77 during the last trading session, reaching $98.31. About 970,427 shares traded or 15.00% up from the average. Autohome Inc. (NYSE:ATHM) has risen 162.88% since April 22, 2017 and is uptrending. It has outperformed by 151.33% the S&P500.

Analysts await Autohome Inc. (NYSE:ATHM) to report earnings on May, 9. They expect $0.64 earnings per share, up 56.10 % or $0.23 from last year’s $0.41 per share. ATHM’s profit will be $75.15 million for 38.40 P/E if the $0.64 EPS becomes a reality. After $0.79 actual earnings per share reported by Autohome Inc. for the previous quarter, Wall Street now forecasts -18.99 % negative EPS growth.

Autohome Inc. operates as an online destination for automobile clients in the People's Republic of China. The company has market cap of $11.54 billion. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including firm generated content, include automobile-related articles and reviews, pricing trends in various local markets, and photos and video clips; automobile library, which includes a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other unique features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user forums and user generated content. It has a 36.56 P/E ratio. Autohome Inc. also offers advertising services for automakers and dealers; dealer subscription services that allow dealers to market their inventory and services through its Websites; and used automobile listings services, which allow used automobile dealers and individuals to market their automobiles for sale on its Websites.

Autohome Inc. (NYSE:ATHM) Ratings Chart

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