Google Receives Buy Rating from TheStreet (GOOG)
Google (NASDAQ:GOOG)‘s stock had its “buy” rating reaffirmed by equities research analysts at TheStreet in a research note issued to investors on Thursday, StockRatingsNetwork.com reports.
The analysts wrote, “Google (GOOG) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Shares of Google (NASDAQ:GOOG) traded up 0.72% during mid-day trading on Thursday, hitting $862.00. The stock had a trading volume of 648,460 shares. Google has a 1-year low of $636.00 and a 1-year high of $928.00. The stock has a 50-day moving average of $876.7 and a 200-day moving average of $866.6. The company has a market cap of $287.1 billion and a P/E ratio of 24.76. Google also was the target of some unusual options trading on Monday. Investors purchased 15,357 put options on the company. This represents an increase of 109% compared to the average volume of 7,339 put options.
Google (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 18th. The company reported $9.56 EPS for the quarter, missing the Thomson Reuters consensus estimate of $10.78 by $1.22. The company had revenue of $14.11 billion for the quarter, compared to the consensus estimate of $14.42 billion. During the same quarter in the prior year, the company posted $10.12 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts predict that Google will post $43.53 earnings per share for the current fiscal year.
A number of other firms have also recently commented on GOOG. Analysts at Telsey Advisory Group cut their price target on shares of Google from $966.00 to $900.00 in a research note to investors on Thursday. They now have a “not rated” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Google from $950.00 to $1,020.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Google in a research note to investors on Thursday, September 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $970.29.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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