Zacks: 51job, Inc. (JOBS) Receives Consensus Recommendation of “Strong Buy” from Analysts
Shares of 51job, Inc. (NASDAQ:JOBS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Zacks has also assigned 51job an industry rank of 100 out of 265 based on the ratings given to its competitors.
JOBS has been the subject of a number of analyst reports. Macquarie upgraded 51job from a “neutral” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Friday, August 4th. BidaskClub upgraded 51job from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 23rd.
A number of institutional investors and hedge funds have recently modified their holdings of JOBS. Harding Loevner LP increased its position in 51job by 11.0% in the second quarter. Harding Loevner LP now owns 4,902,938 shares of the company’s stock worth $219,308,000 after buying an additional 485,593 shares in the last quarter. Nordea Investment Management AB purchased a new stake in 51job in the second quarter worth about $19,027,000. Acadian Asset Management LLC increased its position in 51job by 292.5% in the second quarter. Acadian Asset Management LLC now owns 419,773 shares of the company’s stock worth $18,777,000 after buying an additional 312,819 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in 51job in the second quarter worth about $10,571,000. Finally, Wasatch Advisors Inc. increased its position in 51job by 38.1% in the second quarter. Wasatch Advisors Inc. now owns 687,352 shares of the company’s stock worth $30,745,000 after buying an additional 189,485 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.
Shares of 51job (NASDAQ:JOBS) traded up 2.15% on Tuesday, reaching $59.94. 125,751 shares of the company’s stock were exchanged. The company has a market capitalization of $3.68 billion, a P/E ratio of 43.18 and a beta of 1.25. 51job has a 1-year low of $31.25 and a 1-year high of $61.06. The stock’s 50-day moving average price is $57.07 and its 200-day moving average price is $45.90.
51job, Inc is a holding company. The Company is a provider of integrated human resource services in China. The Company focuses on online recruitment advertising. The Company operates over three Websites, including www.51job.com, www.yingjiesheng.com and www.51jingying.com, which are utilized by a base of corporate employers, reach an audience of job seekers and aggregate job information from over 100 cities across China.
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