Media stories about Alibaba Group Holding Limited (NYSE:BABA) have been trending positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern 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 Limited earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 47.4179671616378 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
Alibaba Group Holding Limited (NYSE BABA) traded up $0.73 during midday trading on Friday, hitting $185.86. The stock had a trading volume of 3,142,308 shares, compared to its average volume of 18,865,438. The firm has a market cap of $476,118.53, a price-to-earnings ratio of 54.04, a P/E/G ratio of 1.41 and a beta of 2.61. Alibaba Group Holding Limited has a fifty-two week low of $86.01 and a fifty-two week high of $191.22. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.
Alibaba Group Holding Limited (NYSE:BABA) last released its quarterly earnings data on Thursday, August 17th. The specialty retailer reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.21. The business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.16 billion. Alibaba Group Holding Limited had a return on equity of 17.89% and a net margin of 30.87%. During the same period in the previous year, the company posted $0.74 EPS. equities analysts expect that Alibaba Group Holding Limited will post 4.31 earnings per share for the current fiscal year.
A number of analysts recently weighed in on BABA shares. Macquarie upped their target price on shares of Alibaba Group Holding Limited from $171.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, August 18th. Bank of America Corporation upped their price target on Alibaba Group Holding Limited from $180.00 to $193.00 and gave the company a “buy” rating in a report on Friday, August 18th. SunTrust Banks, Inc. assumed coverage on Alibaba Group Holding Limited in a report on Tuesday, August 15th. They issued a “buy” rating and a $175.00 price target for the company. KeyCorp set a $182.00 price target on Alibaba Group Holding Limited and gave the company an “overweight” rating in a report on Friday, August 18th. Finally, MKM Partners upped their price target on Alibaba Group Holding Limited from $177.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $184.20.
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.