Google PT Lowered to $650.00 (GOOG)
Investment analysts at RBC Capital dropped their price target on shares of Google (NASDAQ:GOOG) from $670.00 to $650.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would indicate a potential upside of 13.29% from the company’s current price.
In other Google news, CEO Lawrence Page sold 33,332 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $589.29, for a total transaction of $19,642,214.28. The sale was disclosed in a filing with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group reiterated an “in-line” rating on shares of Google in a research note on Wednesday. They now have a $678.00 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Google in a research note on Monday. They set an “outperform” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Google in a research note on Monday. They now have a $742.00 price target on the stock, up previously from $735.00. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $675.14.
Google (NASDAQ:GOOG) opened at 573.7299 on Friday. Google has a one year low of $502.80 and a one year high of $604.83. The stock’s 50-day moving average is $565.7 and its 200-day moving average is $550.1. The company has a market cap of $387.0 billion and a P/E ratio of 30.53.
Google (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 17th. The company reported $6.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.25 by $0.17. The company had revenue of $15.96 billion for the quarter, compared to the consensus estimate of $15.61 billion. During the same quarter in the previous year, the company posted $9.56 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis.
Google Inc (NASDAQ:GOOG) is a global technology company.
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