Media headlines about Alibaba Group (NYSE:BABA) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alibaba Group earned a news impact score of 0.20 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 46.6846505335264 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- JD.com Seen Plunging 14% As Profits Weaken (finance.yahoo.com)
- Alibaba pitches for women empowerment (news.webindia123.com)
- Moët Hennessy partners with Alibaba in China (thedrinksbusiness.com)
- India, an inalienable part in Alibaba’s Philanthropy Roadmap with 95 Philanthropy Week hosted 1st time outside China (pitchonnet.com)
- CryptoCann™ Report: Alibaba holds top spot for blockchain patents; Cronos inks deal for lab-grown cannabis (finanzen.ch)
Several research firms have commented on BABA. Wells Fargo & Co upped their price objective on Alibaba Group from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, June 14th. Susquehanna Bancshares upped their price objective on Alibaba Group from $220.00 to $305.00 and gave the stock a “positive” rating in a research report on Thursday, June 7th. BNP Paribas began coverage on Alibaba Group in a research report on Thursday, June 14th. They issued a “buy” rating on the stock. Argus began coverage on Alibaba Group in a research report on Monday, June 25th. They issued a “buy” rating and a $275.00 price objective on the stock. Finally, Raymond James restated a “strong-buy” rating and issued a $300.00 price objective (up previously from $250.00) on shares of Alibaba Group in a research report on Thursday, May 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. Alibaba Group presently has an average rating of “Buy” and an average target price of $228.94.
Shares of NYSE:BABA opened at $164.23 on Thursday. Alibaba Group has a 1 year low of $162.03 and a 1 year high of $211.70. The company has a market cap of $448.23 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 1.25 and a beta of 2.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.44 and a current ratio of 1.44.
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.
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