News articles about Alphabet (NASDAQ:GOOGL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alphabet earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the information services provider an impact score of 46.1432586987758 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Pedro Infante Google doodle marks 100th birthday of iconic Mexican singer & actor (finance.yahoo.com)
- Are Autonomous Cars Ready To Ditch The Backup Driver? (finance.yahoo.com)
- Apple’s ‘HomePod’ Delay Speaks to Expanded Siri Role, Says Loup’s Munster (finance.yahoo.com)
- Android Circuit: New Galaxy S9 Design Leaks, Massive OnePlus 5T Launched, Pixel 2 Beats iPhone X (finance.yahoo.com)
- [$$] Google Plans to Double Presence in Japan (finance.yahoo.com)
GOOGL has been the subject of several research reports. J P Morgan Chase & Co upped their price objective on shares of Alphabet from $1,075.00 to $1,115.00 and gave the stock an “overweight” rating in a report on Saturday, July 22nd. Morgan Stanley restated an “overweight” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Saturday, July 22nd. Wells Fargo & Company restated an “outperform” rating and issued a $1,150.00 price objective on shares of Alphabet in a report on Saturday, July 22nd. Deutsche Bank AG restated a “buy” rating and issued a $1,258.00 price objective (up from $1,250.00) on shares of Alphabet in a report on Saturday, July 22nd. Finally, Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $1,088.53.
Shares of Alphabet (NASDAQ GOOGL) traded down $12.58 on Friday, reaching $1,035.89. 1,286,044 shares of the company’s stock were exchanged, compared to its average volume of 1,626,581. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet has a twelve month low of $753.36 and a twelve month high of $1,063.62. The stock has a market cap of $719,737.44, a price-to-earnings ratio of 34.68, a P/E/G ratio of 1.74 and a beta of 0.91.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion during the quarter, compared to analyst estimates of $21.94 billion. During the same period last year, the firm posted $9.06 EPS. equities research analysts expect that Alphabet will post 32.34 EPS for the current year.
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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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