Somewhat Positive Press Coverage Somewhat Unlikely to Impact Alibaba Group (BABA) Share Price

Media headlines about Alibaba Group (NYSE:BABA) have trended somewhat positive on Monday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alibaba Group earned a news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the specialty retailer an impact score of 47.0371259122122 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Several research analysts have recently issued reports on BABA shares. Zacks Investment Research cut shares of Alibaba Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. SunTrust Banks increased their price objective on shares of Alibaba Group to $235.00 and gave the company a “buy” rating in a report on Monday, May 7th. ValuEngine upgraded shares of Alibaba Group from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Deutsche Bank set a $196.00 price objective on shares of Alibaba Group and gave the company a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Alibaba Group from $230.00 to $215.00 and set an “overweight” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $228.94.

BABA stock traded up $6.42 during midday trading on Monday, reaching $180.65. The company had a trading volume of 23,484,800 shares, compared to its average volume of 19,925,326. Alibaba Group has a 1 year low of $164.25 and a 1 year high of $211.70. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. The company has a market cap of $446.23 billion, a price-to-earnings ratio of 44.83, a PEG ratio of 1.14 and a beta of 2.49.

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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