Zhaopin Ltd (ADR) (ZPIN) is Downgraded by Citigroup to Neutral

Zhaopin Ltd (ADR) (ZPIN) was Downgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Citigroup advised their investors in a research report released on Aug 22, 2016.

Many Wall Street Analysts have commented on Zhaopin Ltd (ADR). Zhaopin Ltd (ADR) was Downgraded by Credit Suisse to ” Underperform” on May 26, 2016.

On the company’s financial health, Zhaopin Ltd (ADR) reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 23, 2016. Analyst had a consensus of $0.19. The company had revenue of $378.10 million for the quarter, compared to analysts expectations of $370.28 million. The company’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Zhaopin Ltd (ADR) opened for trading at $14.98 and hit $15.65 on the upside on Friday, eventually ending the session at $15.54, with a gain of 3.05% or 0.46 points. The heightened volatility saw the trading volume jump to 43,413 shares. Company has a market cap of $970 M.

Zhaopin Limited is a holding company. The Company is a career platform in China focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company’s zhaopin.com Website is a career-focused Website in China. The Company provides a range of services including online recruitment campus recruitment assessment and other human resources related services. Through its zhaopin Websites and mobile applications it provides classified job postings and display advertisements resume access services and other online services. The Company provides campus recruitment services primarily to customers seeking to recruit college and university students. These services include selecting campuses organizing recruiting events collecting and managing resumes and conducting interviews and assessment tests with candidates.

Zhaopin Ltd (ADR)

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