Press coverage about Alphabet (NASDAQ:GOOGL) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alphabet earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the information services provider an impact score of 46.4735944550716 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.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Alphabet Inc (GOOGL) Fined By Indian Watchdog Over Abusing Search Power – StockNews.com (blog) (stocknews.com)
- Alphabet Inc (GOOGL) Won The Court Battle Against Uber — Now What? – StockNews.com (blog) (stocknews.com)
- Investors In Alphabet Inc (NASDAQ:GOOGL) Are Paying Above The Intrinsic Value (finance.yahoo.com)
- Google and Uber: From ‘Brothers’ to Enemies (finance.yahoo.com)
- How Intel Could Benefit Automakers with Its Self-Driving Technology (finance.yahoo.com)
Shares of Alphabet (GOOGL) traded up $38.56 during mid-day trading on Friday, hitting $1,046.27. The stock had a trading volume of 4,912,323 shares, compared to its average volume of 1,990,000. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $751,830.00, a price-to-earnings ratio of 58.26, a PEG ratio of 1.04 and a beta of 0.95. Alphabet has a fifty-two week low of $824.30 and a fifty-two week high of $1,198.00.
Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing analysts’ consensus estimates of $10.12 by ($0.42). The firm had revenue of $25.87 billion during the quarter, compared to analyst estimates of $25.65 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. equities analysts expect that Alphabet will post 42.51 earnings per share for the current year.
Alphabet declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
GOOGL has been the topic of several research analyst reports. Pivotal Research reaffirmed a “hold” rating and issued a $970.00 price objective on shares of Alphabet in a research report on Friday, October 13th. Mizuho reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, October 17th. Piper Jaffray Companies reiterated a “buy” rating and issued a $1,150.00 target price on shares of Alphabet in a report on Thursday, October 19th. Stifel Nicolaus reiterated a “buy” rating and issued a $1,150.00 target price (up from $1,075.00) on shares of Alphabet in a report on Tuesday, October 24th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,157.02.
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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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