Time to Reconsider Autohome Inc. (ATHM) After Making All-Time High?

April 17, 2018 - By Mona Holcomb

The stock of Autohome Inc. (NYSE:ATHM) reached all time high today, Apr, 17 and still has $99.67 target or 3.00 % above today’s $96.77 share price. This indicates more upside for the $11.36B company. This technical setup was reported by Barchart.com. If the $99.67 PT is reached, the company will be worth $340.86M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.31% or $0.3 during the last trading session, reaching $96.77. About 201,979 shares traded. Autohome Inc. (NYSE:ATHM) has risen 162.88% since April 17, 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 EPS, up 56.10 % or $0.23 from last year’s $0.41 per share. ATHM’s profit will be $75.14M for 37.80 P/E if the $0.64 EPS becomes a reality. After $0.79 actual EPS reported by Autohome Inc. for the previous quarter, Wall Street now forecasts -18.99 % negative EPS growth.

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 had 4 analyst reports since November 7, 2017 according to SRatingsIntel. The firm has “Buy” rating by Benchmark given on Wednesday, November 8. The company was initiated on Tuesday, January 2 by Citigroup. The stock of Autohome Inc. (NYSE:ATHM) earned “Buy” rating by CLSA on Tuesday, November 14.

Autohome Inc. operates as an online destination for automobile clients in the PeopleÂ’s Republic of China. The company has market cap of $11.36 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 manufacturersÂ’ suggested retail prices; new and used automobile listings, and promotional information; and user forums and user generated content. It has a 35.99 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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