Alibaba Group Holding Limited (BABA) Receiving Somewhat Favorable News Coverage, Study Shows

Press coverage about Alibaba Group Holding Limited (NYSE:BABA) has been trending somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alibaba Group Holding Limited earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the specialty retailer an impact score of 46.4366383908841 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Several equities analysts recently weighed in on BABA shares. Vetr upgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating and set a $190.25 price objective on the stock in a report on Wednesday, September 6th. SunTrust Banks, Inc. restated a “buy” rating and issued a $205.00 price objective on shares of Alibaba Group Holding Limited in a report on Friday, October 20th. Barclays PLC increased their price objective on shares of Alibaba Group Holding Limited to $180.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Alibaba Group Holding Limited from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 12th. Finally, Deutsche Bank AG cut their price objective on shares of Alibaba Group Holding Limited to $199.00 and set a “buy” rating on the stock in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company. Alibaba Group Holding Limited presently has an average rating of “Buy” and a consensus target price of $184.45.

Shares of Alibaba Group Holding Limited (BABA) opened at $184.54 on Tuesday. The stock has a market cap of $472,640.00, a P/E ratio of 54.19, a P/E/G ratio of 1.41 and a beta of 2.60. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.21. Alibaba Group Holding Limited has a 1-year low of $86.01 and a 1-year high of $191.22.

Alibaba Group Holding Limited (NYSE:BABA) last posted its earnings results on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.21. Alibaba Group Holding Limited had a net margin of 30.87% and a return on equity of 17.89%. The firm had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the previous year, the firm posted $0.74 EPS. research analysts anticipate that Alibaba Group Holding Limited will post 4.31 earnings per share for the current fiscal year.

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Alibaba Group Holding Limited 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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