Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Alphabet (GOOGL) Stock Price

News articles about Alphabet (NASDAQ:GOOGL) have trended somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative news coverage by analyzing 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 nearest to one being the most favorable. Alphabet earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 44.1795883470946 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment’s analysis:

GOOGL has been the topic of a number of analyst reports. J P Morgan Chase & Co increased their target price on Alphabet from $1,075.00 to $1,115.00 and gave the company an “overweight” rating in a report on Saturday, July 22nd. Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,020.52 target price on the stock in a report on Tuesday, July 25th. UBS AG reiterated an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. Stifel Nicolaus increased their target price on Alphabet from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a report on Monday, October 30th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a report on Tuesday, September 26th. One investment 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 issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,088.53.

Shares of Alphabet (NASDAQ:GOOGL) opened at $1,041.20 on Tuesday. Alphabet has a twelve month low of $743.59 and a twelve month high of $1,063.62. The company has a market capitalization of $718,030.00, a P/E ratio of 34.96, a P/E/G ratio of 1.76 and a beta of 0.91. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. The company had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. During the same quarter in the prior year, the company earned $9.06 earnings per share. analysts expect that Alphabet will post 32.15 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.

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

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