Analysts See $0.84 EPS for Alibaba Group Holding Ltd (BABA); Novagold Resources (NYSEAMERICAN:NG) Shorts Up By 3.54%

October 12, 2017 - By Peter Erickson

Analysts expect Alibaba Group Holding Ltd (NYSE:BABA) to report $0.84 EPS on November, 1.They anticipate $0.21 EPS change or 33.33% from last quarter’s $0.63 EPS. BABA’s profit would be $2.16 billion giving it 54.07 P/E if the $0.84 EPS is correct. After having $0.94 EPS previously, Alibaba Group Holding Ltd’s analysts see -10.64% EPS growth. About 7.78 million shares traded. Alibaba Group Holding Ltd (NYSE:BABA) has risen 57.33% since October 12, 2016 and is uptrending. It has outperformed by 40.63% the S&P500.

Novagold Resources Incorporated (NYSEAMERICAN:NG) had an increase of 3.54% in short interest. NG’s SI was 12.62M shares in October as released by FINRA. Its up 3.54% from 12.19 million shares previously. With 1.42M avg volume, 9 days are for Novagold Resources Incorporated (NYSEAMERICAN:NG)’s short sellers to cover NG’s short positions. The SI to Novagold Resources Incorporated’s float is 5.99%. About 511,017 shares traded. NovaGold Resources Inc. (USA) (NYSEAMERICAN:NG) has declined 29.36% since October 12, 2016 and is downtrending. It has underperformed by 46.06% the S&P500.

Novagold Resources Inc. is a mineral exploration company. The company has market cap of $1.38 billion. The Firm is engaged in the exploration and development of mineral properties. It currently has negative earnings. The Company’s divisions include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada.

Among 35 analysts covering Alibaba (NYSE:BABA), 33 have Buy rating, 1 Sell and 1 Hold. Therefore 94% are positive. Alibaba had 138 analyst reports since August 12, 2015 according to SRatingsIntel. On Monday, July 10 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Alibaba Group Holding Ltd (NYSE:BABA) earned “Buy” rating by Goldman Sachs on Tuesday, June 21. The firm has “Buy” rating given on Thursday, March 24 by Deutsche Bank. The firm has “Buy” rating given on Wednesday, August 12 by Cantor Fitzgerald. Wedbush downgraded the stock to “Neutral” rating in Wednesday, August 12 report. On Monday, August 14 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Overweight” rating on Tuesday, June 28 by Morgan Stanley. Cantor Fitzgerald maintained Alibaba Group Holding Ltd (NYSE:BABA) rating on Wednesday, September 9. Cantor Fitzgerald has “Buy” rating and $88 target. Standpoint Research upgraded Alibaba Group Holding Ltd (NYSE:BABA) on Thursday, January 21 to “Buy” rating. On Thursday, August 17 the stock rating was maintained by Bank of America with “Buy”.

Alibaba Group Holding Limited is a holding company. The company has market cap of $468.00 billion. Through its subsidiaries, the Company is engaged in online and mobile commerce through offering of products, services and technology that enable merchants, brands and other businesses to transform the way they market, sell and operate in the People’s Republic of China and internationally. It has a 60.77 P/E ratio. The Company’s businesses consist of core commerce, cloud computing, mobile media and entertainment, and other innovation initiatives.

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