58.com (WUBA) Receiving Somewhat Favorable Media Coverage, Study Shows
News headlines about 58.com (NYSE:WUBA) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. 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 coverage optimism score of 0.16 on Accern’s scale. Accern also gave press coverage about the information services provider an impact score of 45.708137066459 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- Republican lawmaker Kleefisch calls it quits (cbs58.com)
- “I’m in a bad spot right now:” Man charged after allegedly robbing Racine gas station with machete (cbs58.com)
- Suspect wearing “I love HO HO CAKE” hoodie robs Sturtevant hotel (cbs58.com)
- Man cited for passing out drunk in front of St. Francis Public Library (cbs58.com)
- WE Energies winter moratorium ends, those in need encouraged to sign up for energy assistance (cbs58.com)
58.com stock traded down $0.18 during mid-day trading on Monday, hitting $79.68. The company had a trading volume of 403,444 shares, compared to its average volume of 1,083,020. The firm has a market capitalization of $11,700.29, a P/E ratio of 59.91 and a beta of 2.02. 58.com has a 1 year low of $34.84 and a 1 year high of $87.65. The company has a quick ratio of 1.06, a current ratio of 1.14 and a debt-to-equity ratio of 0.04.
Several analysts recently weighed in on the stock. Bank of America raised their target price on shares of 58.com from $89.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, March 12th. Benchmark raised shares of 58.com from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Credit Suisse Group raised their target price on shares of 58.com to $90.00 and gave the company an “outperform” rating in a report on Thursday, March 8th. Zacks Investment Research raised shares of 58.com from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Wednesday, March 7th. Finally, TheStreet cut shares of 58.com from a “b-” rating to a “c+” rating in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. 58.com presently has an average rating of “Buy” and an average price target of $66.20.
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58.com Company Profile
58.com Inc operates online classifieds and listing platforms that enable local merchants and consumers to connect, share information, and conduct business in China. It primarily operates online multi-content category-classified advertising platforms under the 58 and Ganji names; and Anjuke, an online real estate listing platform.
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