Extremely Positive Press Coverage Extremely Likely to Affect Alibaba Group (NYSE:BABA) Stock Price

Media coverage about Alibaba Group (NYSE:BABA) has been trending extremely positive on Wednesday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Alibaba Group earned a news impact score of 4.33 on their scale. InfoTrie also assigned media headlines about the specialty retailer an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the near term.

These are some of the headlines that may have impacted Alibaba Group’s score:

NYSE:BABA opened at $162.65 on Wednesday. Alibaba Group has a fifty-two week low of $129.77 and a fifty-two week high of $211.12. The firm has a market cap of $395.01 billion, a P/E ratio of 45.31, a P/E/G ratio of 1.13 and a beta of 2.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.30.

Alibaba Group (NYSE:BABA) last released its quarterly earnings results on Wednesday, May 15th. The specialty retailer reported $8.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $7.82. Alibaba Group had a return on equity of 12.72% and a net margin of 23.17%. The company had revenue of $93.50 billion for the quarter, compared to analyst estimates of $91.68 billion. During the same quarter in the prior year, the firm posted $5.73 EPS. Alibaba Group’s quarterly revenue was up 51.0% compared to the same quarter last year. Sell-side analysts forecast that Alibaba Group will post 5.1 EPS for the current year.

A number of equities research analysts have recently commented on the stock. Raymond James reduced their price objective on shares of Alibaba Group from $285.00 to $280.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 16th. Benchmark restated a “buy” rating and set a $220.00 price objective (up previously from $205.00) on shares of Alibaba Group in a report on Thursday, May 16th. Robert W. Baird increased their target price on shares of Alibaba Group from $178.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, March 29th. Zacks Investment Research raised shares of Alibaba Group from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, ValuEngine raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $218.39.

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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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