Google PT Raised to $1,400.00 (GOOG)
Investment analysts at RBC Capital raised their target price on shares of Google (NASDAQ:GOOG) from $1,300.00 to $1,400.00 in a note issued to investors on Friday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target points to a potential upside of 18.55% 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 from $1,150.00 to $1,300.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Telsey Advisory Group reiterated a “not rated” rating on shares of Google in a research note to investors on Monday. They now have a $1,250.00 price target on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Google from $1,135.00 to $1,450.00 in a research note to investors on Tuesday, January 21st. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,171.74.
Shares of Google (NASDAQ:GOOG) traded up 4.01% on Friday, hitting $1180.97. The stock had a trading volume of 5,569,794 shares. Google has a one year low of $758.27 and a one year high of $1186.54. The stock’s 50-day moving average is $1122.18 and its 200-day moving average is $982.7. The company has a market cap of $394.5 billion and a price-to-earnings ratio of 30.90. Google also saw some unusual options trading on Thursday. Stock traders bought 72,293 call options on the stock. This represents an increase of 143% compared to the typical volume of 29,778 call options.
Google (NASDAQ:GOOG) last released its earnings data on Friday, January 31st. The company reported $12.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $12.21 by $0.20. The company had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $13.41 billion. On average, analysts predict that Google will post $52.12 earnings per share for the current fiscal year.
In other Google news, Chairman Eric Schmidt sold 2,033 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $1,094.04, for a total transaction of $2,224,183.32. Following the completion of the sale, the chairman now directly owns 1,293 shares in the company, valued at approximately $1,414,594. The sale was disclosed in a document filed with the SEC, which is available at this link.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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