Headlines about Alphabet (NASDAQ:GOOGL) have trended neutral on Thursday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Alphabet earned a news sentiment score of 0.45 on their scale. InfoTrie also gave media coverage about the information services provider an news buzz score of 3 out of 10, meaning that recent press coverage is unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Alphabet’s ranking:
- Google Management Shuffle Points to Retreat From Alphabet Experiment – The Wall Street Journal (wsj.com)
- Peloton Backlash Has Potential to Boost User Growth in Long Term (finance.yahoo.com)
- Brokerages Anticipate Alphabet Inc (NASDAQ:GOOGL) Will Post Earnings of $12.78 Per Share (americanbankingnews.com)
- Factbox: Big Tech faces growing number of U.S. probes (finance.yahoo.com)
- Facebook and Alphabet upgraded by Stifel on advertising optimism – CNBC (cnbc.com)
Alphabet stock traded up $8.02 during trading on Thursday, hitting $1,326.96. The company’s stock had a trading volume of 1,220,043 shares, compared to its average volume of 1,245,949. The stock’s fifty day moving average is $1,288.36 and its 200 day moving average is $1,194.67. Alphabet has a 1-year low of $977.66 and a 1-year high of $1,333.92. The stock has a market capitalization of $915.19 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 1.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78.
Alphabet (NASDAQ:GOOGL) last released its earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $12.42 by ($2.30). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The company had revenue of $33.01 billion during the quarter, compared to analysts’ expectations of $32.84 billion. During the same quarter in the previous year, the firm posted $13.06 earnings per share. On average, research analysts anticipate that Alphabet will post 49.05 EPS for the current fiscal year.
Several research analysts recently issued reports on GOOGL shares. SunTrust Banks reissued a “buy” rating and set a $1,400.00 price target on shares of Alphabet in a report on Monday, October 28th. They noted that the move was a valuation call. Royal Bank of Canada lifted their price objective on Alphabet from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. BMO Capital Markets set a $1,245.00 target price on Alphabet and gave the stock a “hold” rating in a research report on Friday, October 25th. Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,322.00 target price for the company in a research note on Friday, October 25th. Finally, Guggenheim reduced their price target on Alphabet from $1,525.00 to $1,460.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1,420.81.
Alphabet Company Profile
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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