News articles about Alibaba Group (NYSE:BABA) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alibaba Group earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 46.2413138978228 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Alibaba, Tencent Rally Troops Amid $10 Billion Retail Battle – The Business of Fashion (businessoffashion.com)
- 3 Pros, 3 Cons on Buying Alibaba Group Holding Ltd Stock … – Investorplace.com (investorplace.com)
- [$$] Big Stock Sales: Alibaba, Amazon, Facebook (finance.yahoo.com)
- Breakout Watch: IPO Stock With 650% Growth Crafts New Buy Point (finance.yahoo.com)
A number of equities analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price target for the company in a research note on Wednesday, November 8th. Morgan Stanley set a $250.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Monday, January 29th. KeyCorp boosted their price target on shares of Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Finally, BidaskClub cut shares of Alibaba Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Alibaba Group currently has an average rating of “Buy” and an average price target of $211.15.
Alibaba Group (BABA) traded up $3.51 during trading hours on Tuesday, reaching $187.19. 14,849,213 shares of the company were exchanged, compared to its average volume of 23,080,000. Alibaba Group has a 52 week low of $100.30 and a 52 week high of $206.20. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.29. The company has a market cap of $479,420.00, a price-to-earnings ratio of 46.11, a P/E/G ratio of 1.49 and a beta of 2.58.
Alibaba Group (NYSE:BABA) last posted its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.08). Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. The firm had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. research analysts predict that Alibaba Group will post 4.05 EPS for the current fiscal year.
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Alibaba Group Company Profile
Alibaba Group Holding Limited is a holding company. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China (China) and internationally.
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