Alibaba Group (BABA) Receives Buy Rating from Stifel Nicolaus
Alibaba Group (NYSE:BABA)‘s stock had its “buy” rating restated by equities research analysts at Stifel Nicolaus in a report issued on Wednesday.
Other equities analysts have also issued research reports about the company. Bank of America reissued a “buy” rating and issued a $200.00 price objective on shares of Alibaba Group in a research note on Monday, October 16th. Needham & Company LLC upped their price target on Alibaba Group from $190.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 price target (up previously from $165.00) on shares of Alibaba Group in a research note on Friday, August 25th. Vetr lowered Alibaba Group from a “strong-buy” rating to a “buy” rating and set a $199.42 price target on the stock. in a research note on Wednesday, October 4th. Finally, Zacks Investment Research upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $185.14.
Alibaba Group (BABA) traded up $1.74 on Wednesday, hitting $176.38. The stock had a trading volume of 17,517,821 shares, compared to its average volume of 15,366,141. The company has a market capitalization of $459,189.28, a PE ratio of 52.12, a PEG ratio of 1.36 and a beta of 2.52. 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 has a 1-year low of $86.01 and a 1-year high of $191.75.
Alibaba Group 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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