What Do Analysts Say About Alibaba Group Holding Limited (BABA)
- Author: Zachary Reyes May 24, 2017,
May 24, 2017, 15:29
Many analysts are providing their Estimated Earnings analysis for Alibaba Group Holding Limited and for the current quarter 18 analysts have projected that the stock could give an Average Earnings estimate of $0.88/share. RBC Capital Markets maintained the shares of BABA in report on Thursday, August 13 with "Outperform" rating.
While taking a look at financials, we can look at a number of key indicators about Alibaba Group Holding Limited (BABA) . LLC bought a new stake in shares of Alibaba Group Holding during the third quarter valued at about $29,365,000.
Tightening the gaze, stock performance for the last 5 trading days is 2.76%.
Its 52-week range quite noticeable, lower range was $68.10% and hit highest level of $-0.90%.
The Chinese company, which is targeting news business lines such as cloud computing, big data, entertainment and offline retail as it expands beyond e-commerce, said the share repurchase scheme would replace its existing buyback program. For the Current Quarter, 19 analysts are projecting the mean EPS to be $10.61/share. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company's stock. The Ecor1 Capital Llc holds 54,879 shares with $667,000 value, down from 846,654 last quarter. Analysts reported that the Price Target for Alibaba Group Holding Limited might touch $155 high while the Average Price Target and Low price Target is $131.04 and $114 respectively. Looking at this figure it suggests that the shares of Vipshop Holdings Limited (VIPS) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Vipshop Holdings Limited (VIPS) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued.
The High Revenue estimate is predicted as 6.71 Billion, while the Low Revenue Estimate prediction stands at 6.23 Billion.
The share price of Alibaba.com (NYSE:BABA) was up +1.61% during the last trading session, with a day high of 126.40.
While looking at the Stock's Performance, Alibaba Group Holding Limited now shows a Weekly Performance of 2.39%, where Monthly Performance is 9.08%, Quarterly performance is 22.58%, 6 Months performance is 32.69% and yearly performance percentage is 57.33%.
Alibaba Group Holding Limited is a holding company. The legal version of this article can be read at https://www.thecerbatgem.com/2017/05/23/cibc-increases-alibaba-group-holding-ltd-baba-price-target-to-140-00.html. Apriem Advisors boosted its stake in shares of Alibaba Group Holding by 14.2% in the third quarter.
The stock grew about 133.26% in the past 5 years, this positive value indicates that the stock constantly performed well in previous years as well.
For the Current Quarter, the growth estimate for Alibaba Group Holding Limited is 23.9%, while for the Next Quarter the stock growth estimate is 22.4%. This showed the surprise of 3% in the last quarter earnings. The Stock now has the market capitalization of $192.91 Billion, P/E (price to earnings ttm) of 26.92 and Weekly volatility of 1.10% and monthly volatility of 0.93% respectively.
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Several brokerages have recently issued reports on BABA.
Alibaba Group Holding Limited is a holding company. Royal Bank of Canada reissued an "outperform" rating and set a $120.00 target price on shares of Alibaba Group Holding in a research note on Tuesday. The company has a consensus rating of "Buy" and an average price target of $129.29. 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 and internationally.