Google Receives Average Recommendation of “Buy” from Analysts (NASDAQ:GOOG)
Shares of Google (NASDAQ:GOOG) have received an average recommendation of “Buy” from the eighteen ratings firms that are presently covering the company, AnalystRatings.NET reports. Three investment analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $668.80.
In other Google news, Chairman Eric E. Schmidt sold 14,000 shares of Google stock on the open market in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $586.43, for a total transaction of $8,210,020.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on GOOG. 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.
Shares of Google (NASDAQ:GOOG) opened at 571.60 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 $578.9 and a 200-day moving average of $558.2. The company has a market cap of $386.6 billion and a P/E ratio of 29.49.
Google (NASDAQ:GOOG) last released its earnings data on Thursday, July 17th. The company reported $6.08 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $9.56 earnings per share. Google’s revenue was up 13.1% compared to the same quarter last year.
Google Inc (NASDAQ:GOOG), is a global technology company.
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