Stifel Nicolaus Increases Alibaba Group (BABA) Price Target to $220.00

Alibaba Group (NYSE:BABA) had its price objective lifted by equities researchers at Stifel Nicolaus from $200.00 to $220.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Stifel Nicolaus’ price objective points to a potential upside of 25.83% from the stock’s current price.

Several other brokerages have also commented on BABA. Zacks Investment Research upgraded shares of Alibaba Group from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. TH Capital boosted their target price on shares of Alibaba Group from $180.00 to $220.00 in a research note on Monday. Robert W. Baird boosted their target price on shares of Alibaba Group from $178.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, March 29th. Barclays boosted their target price on shares of Alibaba Group from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, SunTrust Banks reissued a “buy” rating and issued a $200.00 target price (up previously from $180.00) on shares of Alibaba Group in a research note on Thursday, January 31st. One analyst has rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Alibaba Group currently has an average rating of “Buy” and an average target price of $215.37.

NYSE:BABA opened at $174.84 on Thursday. Alibaba Group has a 1-year low of $129.77 and a 1-year high of $211.70. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $435.42 billion, a P/E ratio of 43.38, a PEG ratio of 1.41 and a beta of 2.27.

Alibaba Group (NYSE:BABA) last issued its earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 EPS for the quarter, topping the consensus estimate of $0.75 by $7.82. The company had revenue of $93.50 billion for the quarter, compared to analyst estimates of $91.68 billion. Alibaba Group had a net margin of 19.87% and a return on equity of 12.44%. The business’s revenue was up 51.0% on a year-over-year basis. During the same period in the previous year, the firm earned $5.73 EPS. Analysts forecast that Alibaba Group will post 3.67 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Archford Capital Strategies LLC raised its position in shares of Alibaba Group by 80.4% in the 4th quarter. Archford Capital Strategies LLC now owns 184 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 82 shares in the last quarter. Norway Savings Bank raised its position in shares of Alibaba Group by 640.0% in the 4th quarter. Norway Savings Bank now owns 185 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 160 shares in the last quarter. Farmers National Bank acquired a new position in shares of Alibaba Group in the 1st quarter valued at approximately $25,000. Sontag Advisory LLC acquired a new position in shares of Alibaba Group in the 4th quarter valued at approximately $27,000. Finally, Cribstone Capital Management LLC acquired a new position in shares of Alibaba Group in the 1st quarter valued at approximately $27,000. Institutional investors and hedge funds own 40.49% of the company’s stock.

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.

Further Reading: P/E Growth (PEG)

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