Several analysts have recently updated their ratings and price targets for 58.com (NYSE: WUBA):

  • 8/31/2017 – 58.com was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $72.00 price target on the stock. According to Zacks, “58.com Inc. operates online marketplace serving local merchants and consumers in China. It offers housing rental, recruitment, second-hand product, travel, catering, entertainment, and group-buying information. 58.com Inc. is based in Beijing, China. “
  • 8/23/2017 – 58.com was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $68.00 price target on the stock, up previously from $62.00.
  • 8/23/2017 – 58.com was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “58.com Inc. operates online marketplace serving local merchants and consumers in China. It offers housing rental, recruitment, second-hand product, travel, catering, entertainment, and group-buying information. 58.com Inc. is based in Beijing, China. “
  • 8/22/2017 – 58.com was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $69.00 price target on the stock, up previously from $45.00.
  • 8/22/2017 – 58.com was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $70.00 price target on the stock, up previously from $41.00.
  • 8/8/2017 – 58.com is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $62.00 price target on the stock.
  • 7/26/2017 – 58.com was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “58.com Inc. operates online marketplace serving local merchants and consumers in China. It offers housing rental, recruitment, second-hand product, travel, catering, entertainment, and group-buying information. 58.com Inc. is based in Beijing, China. “
  • 7/19/2017 – 58.com was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/13/2017 – 58.com was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of 58.com Inc. (NYSE:WUBA) opened at 62.88 on Thursday. 58.com Inc. has a 52 week low of $27.58 and a 52 week high of $68.00. The stock has a 50 day moving average of $55.88 and a 200-day moving average of $44.36. The firm has a market capitalization of $9.15 billion, a PE ratio of 338.06 and a beta of 2.17.

58.com (NYSE:WUBA) last released its quarterly earnings data on Monday, August 21st. The information services provider reported $0.54 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $382.81 million during the quarter. Equities analysts anticipate that 58.com Inc. will post $1.16 earnings per share for the current fiscal year.

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.

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