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.
A number of analysts gave price targets for GOOGL. The maximum price target given was 1220, implying potential capital gains of 27.8 percent. The most pessimistic price target was 725, implying potential capital losses of -24.05 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -0.94 percent on average, compared to last month. The average change in earnings estimates over the last 90 days 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.
Another thing investors often look at is the level of agreement among analysts' revisions. 4 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 7 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 14 analysts decreased their estimates.
Analysts estimate earnings of GOOGL to grow at a rate of 11.71 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of GOOGL is 2.98.
GOOGL has traded between a high of 1008.61 and a low of 743.59 over the past year. Currently the stock is 28.38 percent higher than its low, and below the high by 5.35 percent. GOOGL has a P/E 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.