Alphabet’s (GOOGL) “Overweight” Rating Reiterated at Pacific Crest

Pacific Crest reiterated their overweight rating on shares of Alphabet Inc (NASDAQ:GOOGL) in a report published on Saturday morning. They currently have a $1,040.00 target price on the stock.

A number of other research analysts also recently issued reports on GOOGL. B. Riley restated a buy rating and issued a $990.00 price target on shares of Alphabet in a research report on Wednesday, February 1st. Canaccord Genuity dropped their price target on shares of Alphabet from $950.00 to $925.00 and set a buy rating on the stock in a research report on Thursday, December 1st. Vetr downgraded shares of Alphabet from a buy rating to a hold rating and set a $906.58 price target on the stock. in a research report on Monday, March 20th. Aegis assumed coverage on shares of Alphabet in a research report on Wednesday, December 21st. They issued a buy rating and a $980.00 price target on the stock. Finally, Robert W. Baird restated an outperform rating on shares of Alphabet in a research report on Wednesday, December 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $966.66.

Alphabet (NASDAQ:GOOGL) traded down 0.54% during trading on Friday, reaching $835.14. 2,105,682 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $847.88 and its 200 day moving average price is $816.83. The firm has a market cap of $577.43 billion, a P/E ratio of 29.96 and a beta of 0.98. Alphabet has a 52-week low of $672.66 and a 52-week high of $874.42.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Thursday, January 26th. The company reported $9.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $9.64 by $0.28. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. During the same quarter last year, the company posted $8.67 earnings per share. Equities research analysts anticipate that Alphabet will post $33.39 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was reported by Web Breaking News and is owned by of Web Breaking News. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at http://www.webbreakingnews.com/2017/03/25/alphabets-googl-overweight-rating-reiterated-at-pacific-crest.html.

A number of large investors have recently added to or reduced their stakes in the stock. River & Mercantile Asset Management LLP acquired a new stake in Alphabet during the fourth quarter valued at approximately $5,376,000. Dodge & Cox acquired a new stake in Alphabet during the fourth quarter valued at approximately $260,940,000. Israel Discount Bank of New York GFN acquired a new stake in Alphabet during the fourth quarter valued at approximately $1,469,000. Norges Bank acquired a new stake in Alphabet during the fourth quarter valued at approximately $2,411,505,000. Finally, Assenagon Asset Management S.A. acquired a new stake in Alphabet during the fourth quarter valued at approximately $12,524,000. 34.98% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:GOOGL

Receive News & Ratings for Alphabet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.