58.com (WUBA) Receives News Impact Rating of 0.23
Press coverage about 58.com (NYSE:WUBA) has trended somewhat positive on Sunday, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. 58.com earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the information services provider an impact score of 46.7496732746637 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of research analysts have weighed in on the stock. Citigroup Inc. assumed coverage on shares of 58.com in a research report on Tuesday, August 8th. They issued a “buy” rating and a $62.00 price objective for the company. Zacks Investment Research upgraded shares of 58.com from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Thursday, November 16th. TheStreet upgraded shares of 58.com from a “c+” rating to a “b-” rating in a research report on Friday, November 10th. BidaskClub downgraded shares of 58.com from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, upgraded shares of 58.com from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $69.00 in a research report on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $55.50.
58.com (NYSE:WUBA) traded down $0.33 on Friday, hitting $78.87. 618,412 shares of the company traded hands, compared to its average volume of 1,150,000. 58.com has a 52-week low of $27.58 and a 52-week high of $79.79. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $11,450.00, a P/E ratio of 106.58 and a beta of 2.15.
58.com Inc is a holding company. The Company’s business consists of its online classifieds and listing platforms. Its online classifieds and listings platforms enable local merchants and consumers to connect, share information and conduct business in China. These platforms include 58, Ganji and Anjuke.
Receive News & Ratings for 58.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 58.com Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.