Alphabet (GOOGL) Earns Daily News Impact Score of 0.13

Headlines about Alphabet (NASDAQ:GOOGL) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alphabet earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the information services provider an impact score of 46.4337256299318 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s rankings:

GOOGL has been the topic of several research analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, October 24th. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,199.00 target price on the stock in a research note on Tuesday, December 26th. SunTrust Banks lowered their target price on shares of Alphabet from $1,250.00 to $1,180.00 in a research note on Monday, January 15th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $1,250.00 price objective (up previously from $1,120.00) on shares of Alphabet in a research note on Monday, January 29th. Finally, Cowen increased their price objective on shares of Alphabet from $1,150.00 to $1,230.00 and gave the stock an “outperform” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. Alphabet has an average rating of “Buy” and an average price target of $1,157.02.

Shares of Alphabet (NASDAQ GOOGL) traded up $8.09 on Tuesday, reaching $1,103.59. 1,687,633 shares of the company’s stock were exchanged, compared to its average volume of 2,240,000. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. Alphabet has a twelve month low of $824.30 and a twelve month high of $1,198.00. The stock has a market cap of $766,670.00, a price-to-earnings ratio of 34.38, a P/E/G ratio of 1.13 and a beta of 0.95.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.12 by ($0.42). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The company had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $25.65 billion. equities research analysts expect that Alphabet will post 42.52 EPS for the current year.

Alphabet announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 1st that authorizes the company to buyback $8.59 billion in shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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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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