Google Coverage Initiated by Analysts at FBR Capital Markets (GOOGL)
Equities research analysts at FBR Capital Markets started coverage on shares of Google (NASDAQ:GOOGL) in a research note issued to investors on Monday. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. raised their price target on shares of Google from $675.00 to $686.00 in a research note on Friday, June 27th. 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, June 26th. 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. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Google currently has an average rating of “Buy” and an average target price of $889.57.
Google (NASDAQ:GOOGL) traded up 1.30% on Monday, hitting $594.26. 1,954,612 shares of the company’s stock traded hands. Google has a 52 week low of $421.912 and a 52 week high of $615.055. The stock’s 50-day moving average is $573.2 and its 200-day moving average is $569.4. The company has a market cap of $400.8 billion and a price-to-earnings ratio of 30.74.
Google (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 16th. The company reported $6.27 earnings per share for the quarter, missing the analysts’ 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. On average, analysts predict that Google will post $26.80 earnings per share for the current fiscal year.
Google Inc (NASDAQ:GOOGL) is a global technology company.
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