Alphabet Inc. (GOOGL) Rating Reiterated by Credit Suisse Group
Alphabet Inc. (NASDAQ:GOOGL)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse Group in a report released on Thursday.
A number of other research analysts have also recently issued reports on GOOGL. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Alphabet in a report on Saturday, August 26th. Robert W. Baird reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Saturday, August 26th. UBS AG reaffirmed an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. SunTrust Banks, Inc. started coverage on shares of Alphabet in a report on Tuesday, August 15th. They issued a “buy” rating and a $1,100.00 price target for the company. Finally, Cowen and Company reissued an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1,053.45.
Alphabet (NASDAQ GOOGL) opened at 951.99 on Thursday. The stock has a market capitalization of $659.61 billion, a price-to-earnings ratio of 34.50 and a beta of 0.98. The company has a 50-day moving average of $950.91 and a 200-day moving average of $920.20. Alphabet has a one year low of $743.59 and a one year high of $1,008.61.
Alphabet (NASDAQ:GOOGL) last posted its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Zacks’ consensus estimate of $8.25 by $3.24. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $20.92 billion for the quarter, compared to analysts’ expectations of $20.83 billion. During the same period in the previous year, the company earned $8.42 EPS. On average, equities analysts forecast that Alphabet will post $30.59 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in GOOGL. State of Alaska Department of Revenue acquired a new stake in Alphabet during the second quarter valued at approximately $102,000. Franklin Parlapiano Turner & Welch LLC purchased a new position in shares of Alphabet during the first quarter worth approximately $108,000. Parkside Financial Bank & Trust increased its position in shares of Alphabet by 39.6% in the second quarter. Parkside Financial Bank & Trust now owns 127 shares of the information services provider’s stock worth $118,000 after buying an additional 36 shares during the last quarter. Odey Holdings AG increased its position in shares of Alphabet by 18.2% in the second quarter. Odey Holdings AG now owns 130 shares of the information services provider’s stock worth $121,000 after buying an additional 20 shares during the last quarter. Finally, Delta Asset Management LLC TN increased its position in shares of Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock worth $116,000 after buying an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 33.87% of the company’s stock.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
Receive News & Stock Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related stocks with our FREE daily email newsletter.