News stories about Alphabet (NASDAQ:GOOGL) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alphabet earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 45.2912043001199 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
Alphabet (GOOGL) traded down $13.20 during mid-day trading on Tuesday, reaching $1,011.87. 1,938,600 shares of the company’s stock traded hands, compared to its average volume of 1,629,795. The stock has a market cap of $705,450.00, a PE ratio of 34.32, a P/E/G ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet has a 12-month low of $766.97 and a 12-month high of $1,080.00.
Alphabet (NASDAQ:GOOGL) last released 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 firm had revenue of $22.27 billion during the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. During the same period in the previous year, the company earned $9.06 EPS. equities analysts anticipate that Alphabet will post 32.34 earnings per share for the current year.
Several equities research analysts have recently weighed in on the stock. UBS reiterated an “overweight” rating on shares of Alphabet in a research note on Thursday, August 24th. Stifel Nicolaus increased their target price on shares of Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Bank of America reiterated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, September 26th. Robert W. Baird reiterated an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Saturday, August 26th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $1,150.00 target price on shares of Alphabet in a research note on Thursday, October 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. Alphabet has a consensus rating of “Buy” and a consensus price target of $1,089.17.
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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.
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