Citigroup Downgrades 51job (JOBS) to Neutral

Citigroup lowered shares of 51job (NASDAQ:JOBS) from a buy rating to a neutral rating in a report issued on Monday morning, 24/7 WallStreet reports.

A number of other research analysts have also commented on the stock. BidaskClub lowered shares of 51job from a strong-buy rating to a buy rating in a research report on Thursday, May 9th. Macquarie lowered shares of 51job from an outperform rating to a neutral rating in a research report on Friday, March 1st.

JOBS opened at $72.19 on Monday. The firm has a market cap of $4.43 billion, a PE ratio of 22.79 and a beta of 1.29. The company has a quick ratio of 2.30, a current ratio of 2.19 and a debt-to-equity ratio of 0.01. 51job has a one year low of $52.15 and a one year high of $114.63.

51job (NASDAQ:JOBS) last released its quarterly earnings results on Thursday, February 28th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.25. The firm had revenue of $162.97 million during the quarter. 51job had a net margin of 37.97% and a return on equity of 20.11%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in shares of 51job by 313.1% during the 4th quarter. Citigroup Inc. now owns 20,436 shares of the company’s stock worth $1,276,000 after acquiring an additional 15,489 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of 51job by 228.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,701,637 shares of the company’s stock worth $106,251,000 after acquiring an additional 1,183,103 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of 51job during the 3rd quarter worth $28,294,000. Fiera Capital Corp lifted its holdings in shares of 51job by 38.7% during the 4th quarter. Fiera Capital Corp now owns 270,400 shares of the company’s stock worth $16,884,000 after acquiring an additional 75,400 shares during the last quarter. Finally, Sycomore Asset Management lifted its holdings in shares of 51job by 41.9% during the 1st quarter. Sycomore Asset Management now owns 14,385 shares of the company’s stock worth $1,120,000 after acquiring an additional 4,250 shares during the last quarter. 43.03% of the stock is owned by institutional investors.

51job Company Profile

51job, Inc, through its subsidiaries, provides integrated human resource services in the People's Republic of China. The company offers online recruitment services through its Websites comprising 51job.com, yingjiesheng.com, 51jingying.com, and lagou.com; and mobile applications that enable job seekers to access their accounts through mobile devices and utilize functions available on their Websites.

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