51job Upgraded to “Outperform” at Zacks (JOBS)
51job (NASDAQ:JOBS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday. The firm currently has a $39.30 target price on the stock. Zacks‘s price objective would suggest a potential upside of 12.64% from the stock’s previous close.
Shares of 51job (NASDAQ:JOBS) traded up 1.71% on Wednesday, hitting $35.485. The stock had a trading volume of 257,787 shares. 51job has a 52-week low of $29.50 and a 52-week high of $43.00. The stock has a 50-day moving average of $35.52 and a 200-day moving average of $35.01. The company has a market cap of $2.110 billion and a P/E ratio of 25.41.
51job (NASDAQ:JOBS) last released its earnings data on Monday, August 11th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.57. The company had revenue of $73.80 million for the quarter, compared to the consensus estimate of $72.33 million. Analysts expect that 51job will post $1.43 EPS for the current fiscal year.
Separately, analysts at Macquarie reiterated a “neutral” rating on shares of 51job in a research note on Wednesday. They now have a $38.00 price target on the stock, down previously from $84.00.
51job, Inc is a provider of integrated human resource services in China. As of December 31, 2009, the Company had print operations across 19 major cities in China.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.