Media stories about Alibaba Group Holding (NYSE:BABA) have trended positive this week, according to AlphaOne Sentiment Analysis. AlphaOne, a service of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alibaba Group Holding earned a daily sentiment score of 0.48 on AlphaOne’s scale. AlphaOne also gave news articles about the specialty retailer an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
These are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s scoring:
- Deutsche Bank AG Reiterates “Buy” Rating for Alibaba Group Holding Ltd (BABA) (americanbankingnews.com)
- Investors Look To Alibaba’s Upcoming Investor Day After Q4 Bottom-Line Miss (finance.yahoo.com)
- Alibaba Group Holding Ltd (BABA) Earns “Buy” Rating from Stifel Nicolaus (americanbankingnews.com)
- Goldman Sachs Group Inc Reaffirms “Conviction-Buy” Rating for Alibaba Group Holding Ltd (BABA) (americanbankingnews.com)
- Alibaba Group Holding Ltd (BABA) Stock Rating Reaffirmed by Robert W. Baird (americanbankingnews.com)
Several equities research analysts have recently commented on BABA shares. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Alibaba Group Holding in a research report on Monday, March 6th. Vetr raised shares of Alibaba Group Holding from a “hold” rating to a “buy” rating and set a $107.50 target price for the company in a report on Monday, January 30th. Goldman Sachs Group Inc reissued a “conviction-buy” rating and issued a $135.00 target price on shares of Alibaba Group Holding in a report on Friday, March 17th. Robert W. Baird increased their target price on shares of Alibaba Group Holding to $116.00 and gave the stock an “outperform” rating in a report on Tuesday, January 24th. Finally, Brean Capital reissued a “buy” rating and issued a $120.00 target price (up from $115.00) on shares of Alibaba Group Holding in a report on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $127.97.
Shares of Alibaba Group Holding (NYSE:BABA) opened at 123.22 on Friday. The company has a market capitalization of $306.20 billion, a P/E ratio of 56.73 and a beta of 2.73. The company has a 50-day moving average price of $114.81 and a 200-day moving average price of $102.16. Alibaba Group Holding has a 12 month low of $73.30 and a 12 month high of $126.40.
Alibaba Group Holding (NYSE:BABA) last announced its quarterly earnings results on Thursday, May 18th. The specialty retailer reported $0.63 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by $0.01. Alibaba Group Holding had a net margin of 26.56% and a return on equity of 14.88%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.26 billion. During the same period last year, the company earned $0.47 EPS. On average, analysts forecast that Alibaba Group Holding will post $4.25 EPS for the current fiscal year.
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About Alibaba Group Holding
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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