Citigroup Lowers 51job (JOBS) to Neutral

Citigroup downgraded shares of 51job (NASDAQ:JOBS) from a buy rating to a neutral rating in a research note published on Monday, 24/7 WallStreet reports.

Several other equities analysts also recently weighed in on the stock. BidaskClub upgraded shares of 51job from a hold rating to a buy rating in a report on Thursday, February 7th. Macquarie downgraded shares of 51job from an outperform rating to a neutral rating in a report on Friday, March 1st.

Shares of NASDAQ:JOBS opened at $72.00 on Monday. 51job has a twelve month low of $52.15 and a twelve month high of $114.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.30 and a current ratio of 2.19. The company has a market capitalization of $4.43 billion, a P/E ratio of 22.79 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. 51job had a net margin of 37.97% and a return on equity of 20.11%. The company had revenue of $162.97 million for the quarter.

A number of large investors have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of 51job by 14.8% during the 1st quarter. FMR LLC now owns 218,472 shares of the company’s stock worth $17,014,000 after acquiring an additional 28,100 shares during the period. Jane Street Group LLC purchased a new position in shares of 51job during the 1st quarter worth $392,000. Morgan Stanley raised its holdings in shares of 51job by 0.3% during the 1st quarter. Morgan Stanley now owns 1,337,690 shares of the company’s stock worth $104,179,000 after acquiring an additional 3,827 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of 51job by 35.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 68,552 shares of the company’s stock worth $5,339,000 after acquiring an additional 17,912 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of 51job by 5.4% during the 1st quarter. Hsbc Holdings PLC now owns 33,230 shares of the company’s stock worth $2,588,000 after acquiring an additional 1,694 shares during the period. Institutional investors own 43.03% of the company’s stock.

About 51job

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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