Google Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:GOOGL)
Shares of Google (NASDAQ:GOOGL) have received an average rating of “Buy” from the forty ratings firms that are presently covering the stock, AnalystRatingsNetwork.com reports. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $833.20.
A number of research firms have recently commented on GOOGL. Analysts at Zacks reiterated a “neutral” rating on shares of Google in a research note on Friday, July 18th. They now have a $610.00 price target on the stock. Separately, analysts at BGC Financial upgraded shares of Google to a “buy” rating in a research note on Friday, July 18th. Finally, analysts at CRT Capital raised their price target on shares of Google from $650.00 to $660.00 in a research note on Friday, July 18th. They now have a “buy” rating on the stock.
Shares of Google (NASDAQ:GOOGL) opened at 571.81 on Friday. 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 $586.5 and its 200-day moving average is $572.5. The company has a market cap of $386.8 billion and a P/E ratio of 29.63.
Google (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, July 17th. The company reported $5.09 EPS for the quarter, missing the Thomson Reuters consensus estimate of $5.16 by $0.07. On average, analysts predict that Google will post $26.45 earnings per share for the current fiscal year.
Google Inc (NASDAQ:GOOGL) is a global technology company.
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