Alphabet (GOOGL) Getting Somewhat Positive Press Coverage, Study Shows

Press coverage about Alphabet (NASDAQ:GOOGL) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alphabet earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 44.0710715245408 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

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

Shares of Alphabet (NASDAQ GOOGL) traded up $5.09 during mid-day trading on Monday, hitting $1,165.93. The stock had a trading volume of 2,198,038 shares, compared to its average volume of 2,400,000. 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 $809,960.00, a price-to-earnings ratio of 36.32, a PEG ratio of 1.20 and a beta of 0.99. 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 42.52 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.

A number of equities research analysts recently weighed in on the company. William Blair restated an “outperform” rating on shares of Alphabet in a research note on Thursday, February 1st. Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,232.76 price objective for the company. in a research note on Tuesday, March 6th. Stifel Nicolaus cut Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price objective for the company. in a research note on Friday, February 2nd. MKM Partners restated a “buy” rating and set a $1,355.00 price objective (up from $1,210.00) on shares of Alphabet in a research note on Wednesday, February 21st. Finally, Aegis reiterated a “buy” rating and issued a $1,350.00 price target on shares of Alphabet in a research note on Sunday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,167.67.

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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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