Telsey Advisory Group Lowers Google Price Target to $900.00 (GOOG)
Equities researchers at Telsey Advisory Group lowered their price objective on shares of Google (NASDAQ:GOOG) from $966.00 to $900.00 in a research report issued on Thursday, Stock Ratings Network.com reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 5.16% from the stock’s previous close.
Shares of Google (NASDAQ:GOOG) opened at 855.86 on Thursday. 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 $285.0 billion and a P/E ratio of 24.76. Google also saw unusually large options trading on Monday. Investors purchased 15,357 put options on the stock. This is an increase of approximately 109% compared to the average volume of 7,339 put options.
Google (NASDAQ:GOOG) last released its earnings data on Thursday, July 18th. The company reported $9.56 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $10.12 earnings per share. The company’s revenue for the quarter 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.
GOOG has been the subject of a number of other recent research reports. 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. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Google in a research note to investors on Thursday, September 19th. Finally, analysts at CRT Capital initiated coverage on shares of Google in a research note to investors on Thursday, September 19th. They set a “buy” rating and a $1,090.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average 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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