Google Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:GOOGL)
Shares of Google (NASDAQ:GOOGL) have received a consensus rating of “Buy” from the forty brokerages that are presently covering the stock, Analyst Ratings.Net reports. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $889.57.
GOOGL has been the subject of a number of recent research reports. Analysts at Citigroup Inc. raised their price target on shares of Google from $675.00 to $686.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Barclays initiated coverage on shares of Google in a research note on Thursday. They set an “overweight” rating and a $650.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Google in a research note on Sunday, April 20th. They now have a $625.00 price target on the stock.
Google (NASDAQ:GOOGL) traded down 0.20% on Friday, hitting $583.61. The stock had a trading volume of 364,014 shares. Google has a 52-week low of $421.912 and a 52-week high of $615.055. The stock has a 50-day moving average of $557.0 and a 200-day moving average of $565.6. The company has a market cap of $393.6 billion and a price-to-earnings ratio of 30.64. Google also was the target of a significant drop in short interest in the month of June. As of June 13th, there was short interest totalling 3,388,407 shares, a drop of 14.2% from the May 30th total of 3,949,632 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 1,600,954 shares, the days-to-cover ratio is presently 2.1 days.
Google (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $6.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $6.44 by $0.17. The company had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.51 billion. Analysts expect that Google will post $26.80 EPS for the current fiscal year.
Google Inc (NASDAQ:GOOGL), is a global technology company.
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.