Analysts at Oppenheimer research firm raised the price target of Alibaba Group Holdings Limited (NYSE: BABA) to $335.00 from $325.00 on Monday’s report. The company sets a new 12-monthly high after the estimated report issued by Oppenheimer.
Wall Street Analysts Rates NYSE: BABA Stocks At “Buy”
Several Wall Street analysts have submitted their reports on the NYSE: BABA stocks. Citigroup gave out a “Buy” rating on July 10 and set a target price of $316.00. Robert W. Baird ranked it as “outperform” on September 30. They further increased the target price to $325.00 from an earlier $275.00. Benchmark gave out the rating of “Buy” and posted the target price for BABA stocks as $335.00 from the previous $290.00 on September 30. Barclays upgraded the target price for the company stock to $360.00 and gave out the rating of “overweight”. Finally, China Renaissance Securities set the target price of NYSE: BABA stocks at $355.00 on October 13.
Several Wall Street analysts covering NYSE: BABA reported a “Buy” rating consensus on Alibaba Group Holdings Limited this quarter. Along with this, the company also shares a consensus on the average target price of $297.83.
NYSE: BABA Quarterly Earnings Estimate
The quarterly earnings for the previous fiscal quarter were released by the company on August 20. The earnings stood at $14.82 EPS for that quarter beating to the general consensus of $13.28 by a margin of $1.54. The company’s return on equity also stood at 14.13% along with the net margin of 31.96%. The expected income for the firm was marked at $147.30 billion but it topped the estimate by making a revenue of $153.75 billion for that quarter. During the same time previous year, the firm’s EPS was $12.55. The revenue of Alibaba Group is currently 33.8% up based on a year-over-year calculation. Analysts suggest that the full-year’s earnings will stand at 7.58 earnings per share for the ongoing fiscal year.
NYSE: BABA stocks traded at $313.18 this Tuesday. According to recent stats, the quick ratio of BABA stocks is 1.98. The company presently holds the same current ratio of 1.98. The debt-to-equity ratio stands at 0.13. BABA’s market cap is $838.53 billion. The PE ratio stands at 33.40 and the PEG ratio at 2.16. The beta value of the company’s stocks is 1.50. The 50-day simple moving average (50SMA) is valued at $286.14 and the 200SMA is that of $243.37.
About Alibaba Group Holdings Limited
Alibaba Group (NYSE: BABA) is a multinational technology company specializing in e-commerce, retail, Internet, and technology. The company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via web portals, as well as electronic payment services, shopping search engines and cloud computing services.
