51job (JOBS) Upgraded to “Strong-Buy” by BidaskClub

51job (NASDAQ:JOBS) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday, April 11th, BidAskClub reports.

Separately, Macquarie cut shares of 51job from an “outperform” rating to a “neutral” rating in a research note on Friday, March 1st.

JOBS stock traded up $1.08 on Thursday, hitting $94.40. The company had a trading volume of 100,977 shares, compared to its average volume of 248,291. 51job has a 12-month low of $52.15 and a 12-month high of $114.63. The stock has a market capitalization of $5.77 billion, a P/E ratio of 33.01 and a beta of 1.29.

51job (NASDAQ:JOBS) last issued its quarterly earnings results on Thursday, February 28th. The company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.25. The business had revenue of $162.97 million for the quarter. 51job had a net margin of 50.00% and a return on equity of 19.90%.

Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of 51job by 81.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,347,471 shares of the company’s stock valued at $180,732,000 after buying an additional 1,054,192 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of 51job by 52.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 224,874 shares of the company’s stock valued at $17,313,000 after buying an additional 77,192 shares in the last quarter. Credit Suisse AG lifted its stake in shares of 51job by 7.7% during the 3rd quarter. Credit Suisse AG now owns 69,776 shares of the company’s stock valued at $5,372,000 after buying an additional 5,012 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of 51job by 20.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 15,500 shares of the company’s stock valued at $1,193,000 after buying an additional 2,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of 51job by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 198,194 shares of the company’s stock valued at $15,260,000 after buying an additional 3,957 shares in the last quarter. Institutional investors and hedge funds own 43.25% of the company’s stock.

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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