Alibaba Group Holding Ltd (BABA)

[JohnCM]

Stifel Nicolaus Reiterates Buy Rating for Alibaba Group Holding (BABA)

Alibaba Group Holding logoAlibaba Group Holding (NYSE:BABA)‘s stock had its “buy” rating reiterated by equities research analysts at Stifel Nicolaus in a research note issued to investors on Saturday.

Shares of Alibaba Group Holding (NYSE:BABA) traded down 0.15% during mid-day trading on Friday, hitting $81.17. 17,910,494 shares of the company’s stock traded hands. Alibaba Group Holding has a 1-year low of $80.03 and a 1-year high of $120.00. The stock has a 50-day moving average of $83. and a 200-day moving average of $95.. The company’s market cap is $201.90 billion.

Alibaba Group Holding (NYSE:BABA) last announced its earnings results on Thursday, January 29th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.06. The company had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.45 billion. The company’s revenue for the quarter was up 39.6% on a year-over-year basis. On average, analysts predict that Alibaba Group Holding will post $2.18 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Summit Research initiated coverage on shares of Alibaba Group Holding in a research note on Monday, April 20th. They set a “buy” rating and a $97.00 price target on the stock. Analysts at Brean Capital lowered their price target on shares of Alibaba Group Holding from $110.00 to $97.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Alibaba Group Holding in a research note on Wednesday, April 15th. Finally, analysts at Pacific Crest lowered their price target on shares of Alibaba Group Holding from $116.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $106.09.