Alphabet (GOOGL) Stock Rating Reaffirmed by Monness Crespi & Hardt

Alphabet (NASDAQ:GOOGL)‘s stock had its “buy” rating reiterated by research analysts at Monness Crespi & Hardt in a research report issued on Monday, MarketBeat Ratings reports. They presently have a $1,250.00 price target on the information services provider’s stock, up from their prior price target of $1,120.00. Monness Crespi & Hardt’s target price would suggest a potential upside of 5.20% from the stock’s previous close.

GOOGL has been the subject of several other research reports. CIBC reaffirmed an “outperform” rating and issued a $1,180.00 target price (up previously from $1,050.00) on shares of Alphabet in a research report on Friday, October 27th. Pivotal Research reiterated a “hold” rating and set a $970.00 price objective on shares of Alphabet in a report on Friday, October 13th. Citigroup reiterated a “buy” rating and set a $1,180.00 price objective on shares of Alphabet in a report on Tuesday, October 24th. They noted that the move was a valuation call. Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective for the company. in a report on Friday, October 6th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average target price of $1,109.37.

Shares of Alphabet (GOOGL) traded up $0.68 during trading on Monday, hitting $1,188.24. The stock had a trading volume of 395,600 shares, compared to its average volume of 1,464,231. The firm has a market capitalization of $821,020.00, a PE ratio of 39.68, a PEG ratio of 1.55 and a beta of 0.90. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet has a 1-year low of $812.05 and a 1-year high of $1,198.00.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The business had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter last year, the firm posted $9.06 earnings per share. research analysts anticipate that Alphabet will post 32.36 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. First Bank & Trust grew its position in Alphabet by 0.3% during the second quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock worth $710,000 after buying an additional 2 shares in the last quarter. Fort Pitt Capital Group LLC grew its position in Alphabet by 0.3% during the second quarter. Fort Pitt Capital Group LLC now owns 723 shares of the information services provider’s stock worth $672,000 after buying an additional 2 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in Alphabet by 0.7% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock worth $392,000 after buying an additional 3 shares in the last quarter. Probity Advisors Inc. grew its position in Alphabet by 1.1% during the second quarter. Probity Advisors Inc. now owns 270 shares of the information services provider’s stock worth $251,000 after buying an additional 3 shares in the last quarter. Finally, Glassman Wealth Services grew its position in Alphabet by 0.8% during the second quarter. Glassman Wealth Services now owns 376 shares of the information services provider’s stock worth $350,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 33.63% of the company’s stock.

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Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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