Alibaba Group (NYSE:BABA) will announce its earnings results before the market opens on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.77 per share for the quarter.
Shares of BABA opened at $170.01 on Tuesday. The stock has a market capitalization of $458.55 billion, a P/E ratio of 42.19, a price-to-earnings-growth ratio of 1.48 and a beta of 2.27. Alibaba Group has a one year low of $129.77 and a one year high of $211.70. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.
A number of research analysts recently commented on BABA shares. HSBC increased their price target on Alibaba Group from $177.00 to $190.00 and gave the company a “buy” rating in a report on Monday, January 14th. Citigroup reissued a “buy” rating and issued a $211.00 price target (up previously from $208.00) on shares of Alibaba Group in a report on Thursday, January 31st. Sanford C. Bernstein reissued a “mkt perform” rating on shares of Alibaba Group in a report on Monday, January 14th. Oppenheimer increased their price target on Alibaba Group from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, January 31st. Finally, SunTrust Banks reissued a “buy” rating and issued a $200.00 price target (up previously from $180.00) on shares of Alibaba Group in a report on Thursday, January 31st. One research analyst has rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Alibaba Group has a consensus rating of “Buy” and an average price target of $212.96.
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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