Google Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:GOOG)
Google (NASDAQ:GOOG) has been given an average recommendation of “Buy” by the eighteen analysts that are presently covering the company, AR Network reports. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $668.80.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of Google in a research note on Wednesday, August 13th. They set a “buy” rating and a $700.00 price target on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of Google in a research note on Monday, July 21st. Finally, 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.
In other Google news, Director L John Doerr sold 7,254 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $574.46, for a total value of $4,167,132.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Google (NASDAQ:GOOG) opened at 577.86 on Wednesday. Google has a 52-week low of $502.80 and a 52-week high of $604.83. The stock has a 50-day moving average of $579.1 and a 200-day moving average of $557.9. The company has a market cap of $390.9 billion and a price-to-earnings ratio of 29.94.
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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