Alibaba Group (BABA) PT Set at $204.00 by Deutsche Bank

Alibaba Group (NYSE:BABA) has been assigned a $204.00 target price by analysts at Deutsche Bank in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Deutsche Bank’s price target suggests a potential upside of 21.78% from the company’s previous close.

BABA has been the subject of several other reports. Morgan Stanley set a $250.00 target price on Alibaba Group and gave the stock a “buy” rating in a research report on Monday, January 29th. KeyCorp boosted their target price on Alibaba Group from $210.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Susquehanna Bancshares initiated coverage on Alibaba Group in a research report on Wednesday, December 6th. They set a “positive” rating and a $220.00 target price for the company. Nomura restated a “buy” rating and set a $219.00 target price (down from $221.00) on shares of Alibaba Group in a research report on Tuesday, January 9th. Finally, Vetr upgraded Alibaba Group from a “buy” rating to a “strong-buy” rating and set a $217.30 target price for the company in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Alibaba Group has an average rating of “Buy” and a consensus target price of $213.61.

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Shares of NYSE:BABA opened at $167.52 on Thursday. The stock has a market cap of $440,697.78, a price-to-earnings ratio of 66.74, a PEG ratio of 1.00 and a beta of 2.52. Alibaba Group has a 1-year low of $106.76 and a 1-year high of $206.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.97 and a quick ratio of 1.97.

Alibaba Group (NYSE:BABA) last announced its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $1.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.08). The firm had revenue of $12.76 billion for the quarter, compared to the consensus estimate of $12.36 billion. Alibaba Group had a return on equity of 17.61% and a net margin of 29.57%. During the same period in the prior year, the firm posted $1.30 earnings per share. sell-side analysts expect that Alibaba Group will post 4.08 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MUFG Americas Holdings Corp bought a new stake in shares of Alibaba Group during the 4th quarter worth approximately $101,000. Avestar Capital LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth approximately $102,000. Lenox Wealth Advisors Inc. raised its stake in shares of Alibaba Group by 2,636.4% during the 4th quarter. Lenox Wealth Advisors Inc. now owns 602 shares of the specialty retailer’s stock worth $104,000 after purchasing an additional 580 shares in the last quarter. Trustcore Financial Services LLC bought a new stake in shares of Alibaba Group during the 4th quarter worth approximately $107,000. Finally, Lorber David A bought a new stake in shares of Alibaba Group during the 3rd quarter worth approximately $109,000. Hedge funds and other institutional investors own 37.73% of the company’s stock.

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Alibaba Group Company Profile

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.

Analyst Recommendations for Alibaba Group (NYSE:BABA)

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