Alibaba Group Holding Limited A (NYSE:BABA).
August 12 investment analysts at Jefferies held the company rating at “Buy” but raised the price expectation from $118.00 to $120.00. On August 12 the stock rating was upgraded from “Outperform” to “Buy” with a current price target of $120.00 by analysts at Raymond James.
On August 12 SunTrust Robinson Humphrey left the company rating at “Buy” and raised the price target to $120.00 from $100.00. August 12 investment analysts at Deutsche Bank left the stock rating at “Buy” and moved up the price target to $120.00 from $109.00.
Macquarie raised the price target and upgraded the stock on August 12 boosting the price target from $92.00 to $120.00 and moving the rating from “Neutral” to “Buy”.
The company is now up since yesterday’s close of $105.89. Shares of the company are trading at $108.26 a tad above the 50 day moving average which is $99.11 and just above the 200 day moving average of $84.13. The 50 day moving average moved up $9.15 and the 200 day average was up $24.13.
Alibaba Group Holding Limited A’s P/E ratio is 38.35 and market capitalization is 267.73B. As of the latest earnings report the EPS was $2.82 and is estimated to be $3.29 for the current year with 2,473,000,000 shares now outstanding. Next quarter’s EPS is expected be $1.15 with next year’s EPS anticipated to be $4.23.