News headlines about Alphabet (NASDAQ:GOOGL) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alphabet earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 45.3065571646307 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s rankings:
- Alphabet Inc. (GOOGL) Earns “Buy” Rating from Royal Bank Of Canada (americanbankingnews.com)
- Vetr Inc. Downgrades Alphabet Inc. (GOOGL) to Hold (americanbankingnews.com)
- Alphabet Inc (GOOGL) Is Spending Big On Its New Snapchat Clone – StockNews.com (blog) (stocknews.com)
- Alphabet Inc (NASDAQ:GOOGL) HEFFX Highlights – Live Trading News (livetradingnews.com)
- Alphabet Inc (GOOGL) To Soon Deploy Cell Baloons In Puerto Rico – StockNews.com (blog) (stocknews.com)
Alphabet (GOOGL) traded up 0.86% during trading on Friday, reaching $993.64. The company had a trading volume of 1,553,033 shares. Alphabet has a 12-month low of $743.59 and a 12-month high of $1,008.61. The firm has a 50-day moving average price of $947.52 and a 200 day moving average price of $937.02. The stock has a market cap of $688.47 billion, a P/E ratio of 36.01 and a beta of 0.96.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the Zacks’ consensus estimate of $8.25 by ($3.24). The company had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. During the same period in the prior year, the company posted $8.42 EPS. Equities research analysts predict that Alphabet will post $30.59 EPS for the current fiscal year.
A number of brokerages have commented on GOOGL. Royal Bank Of Canada reiterated a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a report on Sunday. Vetr cut Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price objective on the stock. in a report on Friday. Wells Fargo & Company restated an “outperform” rating and set a $1,250.00 price objective on shares of Alphabet in a report on Wednesday, September 27th. Bank of America Corporation restated a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a report on Tuesday, September 26th. Finally, Stifel Nicolaus restated a “buy” rating and set a $1,075.00 price objective on shares of Alphabet in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $1,057.04.
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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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