Alibaba Group Holding Ltd (NYSE:BABA) PEG Ratio At 50.70
- Author: Zachary Reyes Mar 30, 2017,
Mar 30, 2017, 8:38
On 23 March 2017, Alibaba Group Holding Ltd (NYSE:BABA) shares moved to $108.25 after starting the day at $106.9500.
Several other equities analysts have also issued reports on BABA. Alibaba Group Holding Limited (BABA) is intriguing when broken down to its core data. Macquarie restated an outperform rating and set a $120.00 price target on shares of Alibaba Group Holding in a research report on Tuesday, January 24th.
Alibaba Group Holding Limited (BABA) belongs to the Services sector with an industry focus on Specialty Retail, Other, with Mr. Yun Ma as Founder and Exec. Chairman.
When it comes to the Analysis of a Stock, Price Target plays a vital role. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". Alibaba Group Holding now has an average rating of Buy and an average target price of $122.91. Alibaba Group Holding Ltd (NYSE:BABA) PEG ratio is at 50.70. Current stock price is in the upbeat territory taking into account of 20 days moving average with -4.26% and continued bullish run for 50 days moving average with -7.16%. Alibaba Group Holding Limited P/E (price to earnings) ratio is 48.71 and Forward P/E ratio of 24.65.
Most recently Alibaba Group Holding Ltd (NYSE:BABA)'s price target was revised on 3/2/17 and according to 39 analysts stock's price will reach at $127.15 during 52 weeks with standard deviation of 14.71.
For the Current Quarter, 16 analysts are projecting the mean EPS to be $6.5/share.
Relative strength index (RSI-14) for Alibaba Group Holding Limited (BABA) is at 64.93. The business had revenue of $7.70 billion for the quarter, compared to analysts' expectations of $7.32 billion.
The company is expected to report earnings of $6.18 per share for the current quarter, according to consensus agreement of 16 analysts. Analysts predict that Alibaba Group Holding will post $3.47 earnings per share for the current year. Stock's minimum price target estimates has been figured out at $99.91 while the maximum price target forecast is established at $179.55, if we look at the price target with an optimistic approach it has upside potential of 67% from its latest closing price of $107.25. If you are reading this story on another publication, it was illegally copied and republished in violation of USA and worldwide copyright and trademark laws. The original version of this news story can be read at https://baseballnewssource.com/markets/alibaba-group-holding-ltd-baba-stock-rating-upgraded-by-thestreet/523418.html.
Institutional investors have recently added to or reduced their stakes in the company. MD now owns 31,179,716 shares of the company's stock worth $3,298,502,000 after buying an additional 15,751,926 shares during the last quarter. The Aristeia Capital Llc holds 309,700 shares with $27.20 million value, down from 695,600 last quarter. Commerzbank Aktiengesellschaft FI now owns 767,361 shares of the company's stock valued at $61,028,000 after buying an additional 8,235 shares during the period. Trinity Street Asset Management LLP acquired a new position in shares of Alibaba Group Holding during the third quarter worth approximately $67,350,000.
The Stock has Weekly volatility of 2.36% and monthly volatility of 1.83%.
The company reported an impressive total revenue of 101.14 Billion in the last fiscal year. Finally, Mandatum Life Insurance Co Ltd raised its position in Alibaba Group Holding by 3.0% in the fourth quarter. Alibaba Group Hldg Ltd now has $262.46B valuation.