Google Now Covered by Stifel Nicolaus (GOOG)
Stifel Nicolaus began coverage on shares of Google (NASDAQ:GOOG) in a research note issued on Wednesday. The firm set a “buy” rating and a $700.00 price target on the stock. Stifel Nicolaus’ price target suggests a potential upside of 24.39% from the stock’s previous close.
In other Google news, CEO Lawrence Page sold 33,332 shares of Google stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $567.60, for a total transaction of $18,919,243.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Argus reiterated a “buy” rating on shares of Google in a research note on Monday, July 21st. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Google in a research note on Friday, July 18th. They now have a $655.00 price target on the stock, up previously from $645.00. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Google in a research note on Friday, July 18th. They now have a $650.00 price target on the stock, up previously from $630.00. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Google presently has an average rating of “Buy” and a consensus target price of $668.80.
Shares of Google (NASDAQ:GOOG) traded up 1.58% during mid-day trading on Wednesday, hitting $571.61. 551,550 shares of the company’s stock traded hands. Google has a 1-year low of $502.80 and a 1-year high of $604.83. The stock has a 50-day moving average of $578.6 and a 200-day moving average of $555.6. The company has a market cap of $386.6 billion and a P/E ratio of 29.16.
Google (NASDAQ:GOOG) last announced its 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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