Credit Suisse Downgrades Autohome Inc (ADR) to Underperform

Brokerage firm Credit Suisse Downgrades its rating on Autohome Inc (ADR)(NYSE:ATHM). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by Credit Suisse was issued on Jun 28, 2016.

In a different note, Brean Capital said it Initiates Coverage on Autohome Inc (ADR), according to a research note issued on Jun 6, 2016. The shares have been rated ‘Buy’ by the firm. On Apr 17, 2016, Goldman Sachs said it Terminates its rating on Autohome Inc (ADR). In the research note, the firm Removes the price-target to $31.00 per share. On Apr 17, 2016, Credit Suisse said it Upgrades its rating on Autohome Inc (ADR). In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Neutral’ by the firm.

Autohome Inc (ADR) (ATHM) made into the market gainers list on Fridays trading session with the shares advancing 4.92% or 0.99 points. Due to strong positive momentum, the stock ended at $21.1, which is also near the day’s high of $21.22. The stock began the session at $20.1 and the volume stood at 15,89,838 shares. The 52-week high of the shares is $48 and the 52 week low is $20.08. The company has a current market capitalization of $2,385 M and it has 11,30,54,570 shares in outstanding.

Autohome Inc (ADR)(ATHM) last announced its earnings results on Jun 1, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $169.58M. Analysts had an estimated revenue of $1.05B. Earnings per share were $0.39. Analysts had estimated an EPS of $1.66.

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 and Its logo (Autohome) brand is the searched automotive-related keyword on 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.

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