Media coverage about Alibaba Group (NYSE:BABA) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alibaba Group earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news stories about the specialty retailer an impact score of 45.6109145085921 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Alibaba, Foxconn lead $350 million funding in electric car startup – Reuters (reuters.com)
- Alibaba’s first big carmaker investment – Seeking Alpha (seekingalpha.com)
- Alibaba, Foxconn Invest $350 Million in Chinese Car Startup (finance.yahoo.com)
- Alibaba to take on Kuala Lumpur’s traffic in first foreign project (finance.yahoo.com)
Alibaba Group (NYSE BABA) opened at $205.22 on Monday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $525,600.06, a PE ratio of 59.48, a PEG ratio of 1.54 and a beta of 2.52. Alibaba Group has a 12 month low of $100.02 and a 12 month high of $205.23.
BABA has been the topic of a number of analyst reports. Zacks Investment Research cut 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 report on Monday, October 2nd. Vetr raised shares of Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $202.18 price target for the company in a research report on Monday, October 16th. Oppenheimer reaffirmed a “buy” rating and set a $220.00 price target on shares of Alibaba Group in a research report on Wednesday, January 24th. Finally, BidaskClub upgraded Alibaba Group from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $199.95.
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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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