Favorable Press Coverage Somewhat Unlikely to Affect 58.com (WUBA) Share Price
News headlines about 58.com (NYSE:WUBA) have been trending positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. 58.com earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned media stories about the information services provider an impact score of 46.2961132624824 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Recent SIG News (bloomberg.com)
- Financialinsiders.com Earnings Recap Week … (ih.advfn.com)
- Citi Upgrades 58. com Inc (WUBA) to Buy (Yesterday) (streetinsider.com)
- 58.com Inc. (WUBA) Has Climbed To A New High Following Q2 Report (nasdaq.com)
- 58.com Inc. (WUBA) Surged To A New High On Q2 Results (rttnews.com)
A number of research firms have commented on WUBA. CLSA upgraded 58.com from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $39.00 to $50.00 in a research report on Thursday, May 25th. BidaskClub downgraded 58.com from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Zacks Investment Research downgraded 58.com from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. TheStreet upgraded 58.com from a “d+” rating to a “c” rating in a research report on Thursday, May 11th. Finally, TH Capital assumed coverage on 58.com in a research report on Wednesday, May 10th. They issued a “buy” rating and a $48.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. 58.com presently has an average rating of “Hold” and a consensus target price of $52.45.
Shares of 58.com (NYSE:WUBA) opened at 67.33 on Friday. The stock has a market capitalization of $9.80 billion, a P/E ratio of 361.99 and a beta of 2.21. 58.com has a 12 month low of $27.58 and a 12 month high of $68.00. The stock has a 50 day moving average price of $52.85 and a 200 day moving average price of $42.67.
58.com (NYSE:WUBA) last announced its quarterly earnings results on Monday, August 21st. The information services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.42. 58.com had a net margin of 2.14% and a return on equity of 1.04%. The company had revenue of $382.81 million during the quarter. On average, analysts anticipate that 58.com will post $0.91 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/27/favorable-press-coverage-somewhat-unlikely-to-affect-58-com-wuba-share-price.html.
58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.
Receive News & Stock Ratings for 58.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 58.com Inc. and related stocks with our FREE daily email newsletter.