Alibaba Group (BABA) Getting Positive News Coverage, Analysis Shows

News articles about Alibaba Group (NYSE:BABA) have been trending positive on Friday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alibaba Group earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 45.7949414307259 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

Alibaba Group opened at $196.02 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.97 and a current ratio of 1.89. Alibaba Group has a 52 week low of $196.30 and a 52 week high of $199.74. The stock has a market capitalization of $507.39 billion, a P/E ratio of 48.64, a price-to-earnings-growth ratio of 1.23 and a beta of 2.52.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Friday, May 4th. The specialty retailer reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.11). The business had revenue of $9.87 billion during the quarter, compared to analyst estimates of $9.36 billion. Alibaba Group had a net margin of 25.39% and a return on equity of 16.61%. During the same quarter last year, the company posted $0.63 earnings per share. analysts predict that Alibaba Group will post 5.38 EPS for the current year.

BABA has been the topic of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $230.00 price target (up from $210.00) on shares of Alibaba Group in a research report on Sunday, January 28th. Morgan Stanley set a $250.00 price target on shares of Alibaba Group and gave the stock a “buy” rating in a research report on Monday, January 29th. MKM Partners upped their price target on shares of Alibaba Group to $260.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Vetr lowered shares of Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $213.25 price target on the stock. in a research report on Tuesday, January 23rd. Finally, KeyCorp dropped their price target on shares of Alibaba Group from $228.00 to $219.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 10th. One equities research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $216.64.

Alibaba Group Company Profile

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People's Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Insider Buying and Selling by Quarter for Alibaba Group (NYSE:BABA)

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