Google Rating Reiterated by Deutsche Bank (GOOGL)
Google (NASDAQ:GOOGL)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Thursday, American Banking News reports. They currently have a $625.00 target price on the stock, down from their previous target price of $665.00. Deutsche Bank’s target price suggests a potential upside of 12.30% from the company’s current price.
Google (NASDAQ:GOOGL) traded down 3.65% on Thursday, hitting $543.34. The stock had a trading volume of 5,588,756 shares. Google has a one year low of $381.011 and a one year high of $615.055. The stock’s 50-day moving average is $581.0 and its 200-day moving average is $545.7. The company has a market cap of $365.2 billion and a price-to-earnings ratio of 29.66.
Google (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $6.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $12.73 by $6.46. The company had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $15.51 billion. During the same quarter last year, the company posted $11.58 earnings per share. Google’s revenue was up 19.1% compared to the same quarter last year. Analysts expect that Google will post $27.13 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Pivotal Research raised their price target on shares of Google from $535.00 to $580.00 in a research note on Thursday, April 10th. Separately, analysts at Susquehanna raised their price target on shares of Google from $650.00 to $700.00 in a research note on Wednesday, April 9th. Finally, analysts at Macquarie cut their price target on shares of Google from $1,300.00 to $650.00 in a research note on Monday, April 7th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $976.59.
In other Google news, Director L John Doerr sold 7,872 shares of the stock on the open market in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $529.31, for a total value of $4,166,728.32. Following the sale, the director now directly owns 46 shares of the company’s stock, valued at approximately $24,348. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Google Inc (NASDAQ:GOOGL), is a global technology company.
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