Google Given New $1,350.00 Price Target at Sanford C. Bernstein (GOOG)
Equities research analysts at Sanford C. Bernstein lifted their price target on shares of Google (NASDAQ:GOOG) to $1,350.00 in a research note issued to investors on Monday, American Banking News reports. Sanford C. Bernstein’s price target points to a potential upside of 22.17% from the company’s current price.
In other Google news, Chairman Eric Schmidt sold 35,740 shares of Google stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $1,111.52, for a total value of $39,725,724.80. Following the sale, the chairman now directly owns 1,393 shares of the company’s stock, valued at approximately $1,548,347. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on GOOG. Analysts at Bank of America Corp. raised their price target on shares of Google to $1,250.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Google in a research note to investors on Tuesday, December 17th. They now have a $1,127.00 price target on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Google to $1,313.00 in a research note to investors on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $1,077.07.
Shares of Google (NASDAQ:GOOG) traded up 0.82% on Monday, hitting $1114.02. 481,769 shares of the company’s stock traded hands. Google has a 52-week low of $695.52 and a 52-week high of $1121.00. The stock’s 50-day moving average is $1072. and its 200-day moving average is $949.0. The company has a market cap of $372.2 billion and a price-to-earnings ratio of 30.07.
Google (NASDAQ:GOOG) last announced its earnings results 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. Analysts expect that Google will post $44.18 EPS for the current fiscal year.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.