Alibaba Group (BABA) Receives Coverage Optimism Score of 0.22
Press coverage about Alibaba Group (NYSE:BABA) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news 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 media sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 45.9519469449396 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Alibaba Group Holding Limited (NYSE:BABA) Upward Trend – Live Trading News (livetradingnews.com)
- SGX’s Doubly Bad Idea – Bloomberg (bloomberg.com)
- Why JD Finance May Have Sought Stake in First Capital Securities (finance.yahoo.com)
- Zacks: Brokerages Anticipate Alibaba Group Holding Ltd (BABA) Will Post Quarterly Sales of $12.00 Billion (americanbankingnews.com)
- Alibaba Group Holding Limited (BABA) Bulls in Favor – Live Trading News (livetradingnews.com)
Alibaba Group (NYSE:BABA) traded down $0.03 during mid-day trading on Monday, reaching $184.02. 15,997,721 shares of the company traded hands, compared to its average volume of 18,560,314. The stock has a market cap of $471,300.00, a P/E ratio of 50.14, a PEG ratio of 1.40 and a beta of 2.52. Alibaba Group has a 52 week low of $96.26 and a 52 week high of $192.49. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21.
Several brokerages have recently weighed in on BABA. Zacks Investment Research downgraded shares of Alibaba Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. MKM Partners reissued a “buy” rating and issued a $220.00 target price on shares of Alibaba Group in a research note on Monday, October 2nd. Vetr raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 target price on the stock in a research note on Monday, October 16th. BidaskClub raised shares of Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. Finally, Robert W. Baird increased their target price on shares of Alibaba Group from $190.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $188.22.
About Alibaba Group
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.
Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter.