Analyst Ratings for Alphabet Inc. Cl A (GOOGL)Updated: 2017-07-27
Alphabet Inc. Cl A (NASDAQ:GOOGL) was awarded an average rating of Buy from investment analysts following the stock. Last month, GOOGL received an average rating of Buy.
Of the 44 analysts covering the stock, 34 gave it a buy rating, 4 gave an overweight rating, 5 issued a hold rating, 0 gave an underweight rating, and 1 issued a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for GOOGL by the analysts covering the stock. The highest price target was 1220, implying a possible profit of 27.8 percent. The most pessimistic analyst gave a price target of 725, which equates to a potential downside of -24.05 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -0.94 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 1.45 percent. Meanwhile, fiscal year estimates have been revised downwards by -9.84 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -7.41 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 4 analysts made positive revisions to their quarterly estimates over the past month, while 7 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 14 analysts decreased their estimates.
GOOGL has an estimated earnings growth rate of 11.71 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. GOOGL has a PEG ratio of 2.98.
GOOGL has traded between a high of 1008.61 and a low of 743.59 over the past year. The current market price is above the trailing year's low by 28.38 percent, and below the high by 5.35 percent. GOOGL has a price/earnings ratio of 34.91. Investors typically compare the P/E ratio to a company's peers in the industry. The GOOGL value stock report compares GOOGL to some of its peers using value stock charts. The stock has a market capitalization of $661.6 billion. GOOGL is estimated to release their earnings results for the quarter on 0000-00-00, days from today.