There have been quite a few research analysts at KeyCorp who have reduced the EPS estimates for BABA for FY2021. The reduction was made in a research report that was issued on the 11th of April. H. Chung, one of the analysts from the brokerage firm has now predicted that the company will be putting up an EPS of $7.21 for the entire year, which is quite a decrease from their earlier estimate of around $7.57.
The company also has a rating of overweight with a price target of $305 on the stock. The brokerage firm has also provided estimates into the earnings of the company with the Q4 earnings at $1.09 EPS, and the Q1 2022 earnings at an EPS of $2.07.
The Stock Commentary On BABA
There have been quite a number of research equities that have commented on the stocks of BABA. Deutsche Bank has already reduced the price target of the firm from $360 to $319 along with a rating of buy in a 26th January research report. Benchmark has also reduced the price target of the company from $315 to $310 with a rating of buy in a 9th April research report.
Sanford C. Bernstein has put up a rating of “market perform” in a 25th January research report. Morgan Stanley has also reduced the price target of the firm from $320 to $300 with a rating of overweight in a 9th April research report.
Three of the research analysts covering the firm have given it a rating of hold. Twenty-nine other analysts have given the stocks of BABA a rating of buy. Currently, the company has a buy rating with a price target set at $319.88.
The stocks of BABA traded on Wednesday at $241.89. The market cap of the firm is $654.47 billion, with a 34.70 PE ratio. The moving average price of the company over 50 days is $233.09, with the moving average price of the company over 200 days set at $259.90. The year low of the company is $189.53, with the year high set at $319.32. The quick ratio of the company is 1.99, with the current ratio set at 1.99, along with a 0.12 debt-to-equity ratio.