Somewhat Positive Press Coverage Somewhat Unlikely to Affect Alibaba Group (BABA) Stock Price

Media coverage about Alibaba Group (NYSE:BABA) has been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alibaba Group earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the specialty retailer an impact score of 46.0619081653002 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

Shares of Alibaba Group (NYSE:BABA) traded up $4.63 during mid-day trading on Wednesday, reaching $183.88. The company had a trading volume of 10,032,578 shares, compared to its average volume of 23,680,000. The firm has a market cap of $471,050.00, a PE ratio of 45.29, a PEG ratio of 1.44 and a beta of 2.58. Alibaba Group has a 1 year low of $100.11 and a 1 year high of $206.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97.

Alibaba Group (NYSE:BABA) last issued its quarterly earnings results on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.08). The company had revenue of $12.76 billion during the quarter, compared to analyst estimates of $12.36 billion. Alibaba Group had a net margin of 29.57% and a return on equity of 17.61%. During the same quarter last year, the firm earned $1.30 EPS. equities research analysts predict that Alibaba Group will post 4.05 earnings per share for the current year.

BABA has been the topic of several research reports. SunTrust Banks restated a “buy” rating and issued a $205.00 target price on shares of Alibaba Group in a research report on Friday, October 20th. Zacks Investment Research upgraded Alibaba Group from a “hold” rating to a “buy” rating and set a $211.00 price objective on the stock in a research report on Wednesday, November 8th. Needham & Company LLC lifted their price objective on Alibaba Group from $190.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Oppenheimer reiterated a “buy” rating and set a $220.00 price objective (up previously from $200.00) on shares of Alibaba Group in a research report on Monday, November 6th. Finally, BidaskClub raised Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $211.40.

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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.

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