Google Receives “Overweight” Rating from Evercore Partners (GOOG)
Google (NASDAQ:GOOG)‘s stock had its “overweight” rating reaffirmed by analysts at Evercore Partners in a research report issued to clients and investors on Friday, American Banking News reports. They currently have a $1,100.00 target price on the stock, up from their previous target price of $1,050.00. Evercore Partners’ price target points to a potential upside of 23.76% from the company’s current price.
GOOG has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Google to $1,150.00 in a research note to investors on Friday. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Google in a research note to investors on Friday. Finally, analysts at BGC Financial reiterated a “hold” rating on shares of Google in a research note to investors on Thursday. They now have a $850.00 price target on the stock, up previously from $810.00. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-nine have assigned a buy rating to the company. Google currently has a consensus rating of “Buy” and an average target price of $975.03.
In other Google news, CEO Lawrence Page sold 20,835 shares of the stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $890.31, for a total value of $18,549,608.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Google (NASDAQ:GOOG) opened at 888.794 on Friday. Google has a 52 week low of $636.00 and a 52 week high of $928.00. The stock’s 50-day moving average is $879.7 and its 200-day moving average is $868.9. The company has a market cap of $296.0 billion and a price-to-earnings ratio of 25.71. Google also saw some unusual options trading on Thursday. Stock traders acquired 73,980 call options on the company. This is an increase of approximately 311% compared to the average volume of 17,999 call options.
Google (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 17th. The company reported $10.74 EPS for the quarter, beating the Thomson Reuters consensus estimate of $10.36 by $0.38. The company had revenue of $14.89 billion for the quarter, compared to the consensus estimate of $14.79 billion. During the same quarter in the prior year, the company posted $9.03 earnings per share. The company’s quarterly revenue was up 31.4% on a year-over-year basis. On average, analysts predict that Google will post $43.48 earnings per share for the current fiscal year.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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