Somewhat Positive News Coverage Somewhat Unlikely to Affect Alphabet (GOOGL) Stock Price

Press coverage about Alphabet (NASDAQ:GOOGL) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alphabet earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the information services provider an impact score of 45.7472415773028 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:

A number of brokerages have recently issued reports on GOOGL. Stifel Nicolaus boosted their price objective on Alphabet from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Cowen boosted their price target on Alphabet from $1,150.00 to $1,230.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Bank of America reiterated a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Tuesday, September 26th. Piper Jaffray Companies reiterated a “buy” rating and issued a $1,150.00 price target on shares of Alphabet in a research note on Thursday, October 19th. Finally, Citigroup reiterated a “buy” rating on shares of Alphabet in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,101.79.

Shares of Alphabet (GOOGL) traded up $20.66 during trading hours on Monday, hitting $1,164.16. 1,480,000 shares of the stock traded hands, compared to its average volume of 1,430,000. The firm has a market capitalization of $806,730.00, a P/E ratio of 38.78, a PEG ratio of 1.49 and a beta of 0.90. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet has a 52 week low of $812.05 and a 52 week high of $1,166.88.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion during the quarter, compared to the consensus estimate 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 prior year, the business earned $9.06 earnings per share. sell-side analysts expect that Alphabet will post 32.36 earnings per share for the current fiscal year.

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About Alphabet

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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