51job, Inc. (NASDAQ:JOBS) was upgraded by equities researchers at Macquarie from a “neutral” rating to an “outperform” rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has a $60.00 target price on the stock. Macquarie’s price target indicates a potential upside of 8.32% from the company’s current price.

Separately, BidaskClub raised shares of 51job from a “buy” rating to a “strong-buy” rating in a report on Friday, June 23rd.

51job (JOBS) traded up 9.81% during mid-day trading on Friday, hitting $55.39. 456,964 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $46.36 and its 200-day moving average price is $40.65. 51job has a 12 month low of $31.05 and a 12 month high of $56.94. The stock has a market cap of $3.39 billion, a PE ratio of 34.25 and a beta of 1.33.

51job (NASDAQ:JOBS) last posted its earnings results on Thursday, May 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.06. 51job had a net margin of 21.23% and a return on equity of 14.73%. The business had revenue of $88.29 million for the quarter. Equities analysts expect that 51job will post $2.06 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of JOBS. Comerica Bank raised its position in shares of 51job by 70.0% in the second quarter. Comerica Bank now owns 84,084 shares of the company’s stock worth $4,048,000 after buying an additional 34,618 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of 51job by 19.6% in the second quarter. Bank of New York Mellon Corp now owns 54,875 shares of the company’s stock worth $2,454,000 after buying an additional 8,985 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of 51job during the second quarter worth approximately $127,000. First Trust Advisors LP raised its position in shares of 51job by 9.2% in the second quarter. First Trust Advisors LP now owns 41,193 shares of the company’s stock worth $1,843,000 after buying an additional 3,476 shares during the last quarter. Finally, Boston Partners raised its position in shares of 51job by 4.5% in the second quarter. Boston Partners now owns 72,851 shares of the company’s stock worth $3,259,000 after buying an additional 3,131 shares during the last quarter. 43.28% of the stock is currently owned by hedge funds and other institutional investors.

51job Company Profile

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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