News headlines about Alphabet (NASDAQ:GOOGL) have been trending negative this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Alphabet earned a coverage optimism score of -2.50 on their scale. InfoTrie also gave headlines about the information services provider an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Here are some of the headlines that may have effected Alphabet’s score:
- Playbook to master the alphabet of business recovery – Sydney Morning Herald (smh.com.au)
- Alphabet : Google launches Google TV, new Chromecast – Marketscreener.com (marketscreener.com)
- Alphabet Inc’s Google launches Google TV, new Chromecast – Reuters (reuters.com)
- Alphabet Inc’s Google launches Google TV, new Chromecast – Nasdaq (nasdaq.com)
- Google unveils latest Pixel phone, rolls out new TV service (marketbeat.com)
A number of research firms recently weighed in on GOOGL. Credit Suisse Group upped their target price on shares of Alphabet from $1,600.00 to $1,850.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Robert W. Baird boosted their price target on shares of Alphabet from $1,500.00 to $1,650.00 in a research report on Thursday, June 25th. Canaccord Genuity boosted their price target on shares of Alphabet from $1,700.00 to $1,800.00 and gave the company a “buy” rating in a research report on Friday, July 31st. JMP Securities boosted their price target on shares of Alphabet from $1,500.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Finally, Barclays boosted their price target on shares of Alphabet from $1,600.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,671.57.
Shares of NASDAQ:GOOGL opened at $1,465.60 on Thursday. Alphabet has a 52 week low of $1,008.87 and a 52 week high of $1,726.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.40 and a current ratio of 3.41. The company has a market capitalization of $996.85 billion, a PE ratio of 32.23, a PEG ratio of 2.07 and a beta of 1.07. The company has a 50 day moving average price of $1,535.65 and a two-hundred day moving average price of $1,403.25.
Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, July 30th. The information services provider reported $10.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.70. Alphabet had a net margin of 18.99% and a return on equity of 15.62%. The firm had revenue of $31.60 billion during the quarter, compared to the consensus estimate of $30.58 billion. On average, sell-side analysts forecast that Alphabet will post 44.74 earnings per share for the current year.
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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