Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Alphabet (GOOGL) Stock Price

Headlines about Alphabet (NASDAQ:GOOGL) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alphabet earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media coverage about the information services provider an impact score of 48.3551300472527 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

GOOGL has been the subject of several recent research reports. SunTrust Banks decreased their target price on shares of Alphabet from $1,250.00 to $1,180.00 in a research note on Monday, January 15th. Argus increased their target price on shares of Alphabet to $1,300.00 in a research note on Monday, February 5th. Credit Suisse Group decreased their target price on shares of Alphabet from $1,350.00 to $1,400.00 in a research note on Monday, April 23rd. TheStreet upgraded shares of Alphabet from a “c+” rating to an “a-” rating in a research note on Monday, April 23rd. Finally, Wells Fargo reiterated a “buy” rating and set a $1,275.00 target price on shares of Alphabet in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Alphabet presently has an average rating of “Buy” and a consensus price target of $1,201.19.

Shares of Alphabet traded down $21.73, reaching $1,084.87, during mid-day trading on Tuesday, according to 1,785,300 shares of the company’s stock were exchanged, compared to its average volume of 2,208,368. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.87 and a quick ratio of 4.85. Alphabet has a 52-week low of $1,079.22 and a 52-week high of $1,099.87. The stock has a market cap of $766.79 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 1.57 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, April 23rd. The information services provider reported $9.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $9.21 by $0.72. Alphabet had a net margin of 14.19% and a return on equity of 15.58%. The business had revenue of $24.86 billion during the quarter, compared to analysts’ expectations of $24.20 billion. During the same period last year, the company posted $7.73 EPS. equities analysts expect that Alphabet will post 40.75 earnings per share for the current fiscal year.

Alphabet declared that its Board of Directors has authorized a share buyback program on Thursday, February 1st that allows the company to buyback $8.59 billion in shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Insider Buying and Selling by Quarter for Alphabet (NASDAQ:GOOGL)

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