Somewhat Negative Press Coverage Somewhat Unlikely to Affect Alphabet (GOOGL) Stock Price
Media coverage about Alphabet (NASDAQ:GOOGL) has been trending somewhat negative recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty 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 daily sentiment score of -0.03 on Accern’s scale. Accern also gave press coverage about the information services provider an impact score of 43.2596343234579 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- Alphabet Inc (NASDAQ:GOOGL) Pressures Conservative Employees To Stay Quiet – Live Trading News (livetradingnews.com)
- Alphabet Inc (GOOGL) Stock Is More Than Worth Its Premium – Investorplace.com (investorplace.com)
- Ex-Employee Faces Legal Obstacles — WSJ (ih.advfn.com)
- [$$] Engineering of information perpetuates bias (finance.yahoo.com)
- Ex-Google Engineer Says Gender Memo Began on 12-Hour Flight (finance.yahoo.com)
GOOGL has been the subject of several recent analyst reports. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,069.98 target price for the company in a report on Tuesday, June 27th. Pacific Crest reaffirmed an “overweight” rating and issued a $1,040.00 target price on shares of Alphabet in a report on Sunday, April 23rd. Societe Generale set a $1,210.00 target price on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Wednesday, May 24th. Finally, Instinet reaffirmed a “buy” rating and issued a $925.00 target price on shares of Alphabet in a report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $1,047.77.
Shares of Alphabet (NASDAQ GOOGL) traded down 0.44% during midday trading on Wednesday, reaching $940.08. 1,400,744 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $961.20 and its 200 day moving average price is $905.21. Alphabet has a 1-year low of $743.59 and a 1-year high of $1,008.61. The stock has a market capitalization of $651.36 billion, a P/E ratio of 34.07 and a beta of 0.99.
Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, missing the consensus estimate of $8.25 by $3.24. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. During the same quarter last year, the firm earned $8.42 EPS. On average, equities analysts predict that Alphabet will post $30.59 earnings per share for the current fiscal 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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