Google Rating Reiterated by Raymond James (GOOG)
Google (NASDAQ:GOOG)‘s stock had its “positive” rating reiterated by equities research analysts at Raymond James in a research note issued to investors on Thursday, Analyst Ratings News reports.
The analysts wrote, “1) recent channel checks that indicate solid search spend growth in 4Q; 2) strong growth of Product Listing Ads; 3) mobile strength, particularly in international markets; 4) strong engagement trends, highlighted by strong YouTube minutes growth.”
Google (NASDAQ:GOOG) traded up 0.57% on Thursday, hitting $1155.17. The stock had a trading volume of 1,444,159 shares. Google has a 52 week low of $695.52 and a 52 week high of $1155.00. The stock has a 50-day moving average of $1096. and a 200-day moving average of $964.2. The company has a market cap of $385.9 billion and a P/E ratio of 31.26.
Several other analysts have also recently commented on the stock. Analysts at Nomura initiated coverage on shares of Google in a research note to investors on Wednesday. They set a “buy” rating and a $1,300.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Google in a research note to investors on Tuesday. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Google in a research note to investors on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,077.98.
In other Google news, CEO Lawrence Page sold 16,666 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $1,141.76, for a total transaction of $19,028,572.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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.