Morgan Stanley Begins Coverage on 51job (NASDAQ:JOBS)

Morgan Stanley initiated coverage on shares of 51job (NASDAQ:JOBS) in a research note released on Tuesday morning, Benzinga reports. The firm issued an equal weight rating and a $70.00 price objective on the stock.

Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of 51job from a c+ rating to a b- rating in a research note on Tuesday, September 24th. BidaskClub cut shares of 51job from a buy rating to a hold rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group assumed coverage on shares of 51job in a research note on Wednesday, December 4th. They set a hold rating and a $80.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $75.00.

JOBS traded up $2.92 during trading on Tuesday, hitting $84.50. The company’s stock had a trading volume of 4,204 shares, compared to its average volume of 159,804. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 0.01. 51job has a one year low of $57.06 and a one year high of $97.08. The firm has a market cap of $5.56 billion, a PE ratio of 29.62 and a beta of 1.50. The business’s 50 day simple moving average is $79.24 and its 200-day simple moving average is $74.77.

51job (NASDAQ:JOBS) last announced its quarterly earnings data on Thursday, November 14th. The company reported $0.57 EPS for the quarter. The firm had revenue of $138.36 million for the quarter. 51job had a net margin of 28.31% and a return on equity of 15.46%. Equities research analysts expect that 51job will post 2.99 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealthsource Partners LLC grew its stake in 51job by 12.9% during the second quarter. Wealthsource Partners LLC now owns 3,900 shares of the company’s stock valued at $294,000 after acquiring an additional 445 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of 51job by 474.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 712 shares of the company’s stock worth $54,000 after buying an additional 588 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new position in shares of 51job in the 2nd quarter worth $45,000. Charles Schwab Investment Management Inc. grew its stake in shares of 51job by 2.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,384 shares of the company’s stock worth $2,219,000 after buying an additional 720 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of 51job by 10.1% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,376 shares of the company’s stock worth $783,000 after buying an additional 951 shares in the last quarter. 47.18% 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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