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.
Many analysts weighed in on price targets for GOOGL. The most optimistic analyst gave a price target of 1220, implying a possible profit of 27.8 percent. The lowest price target was 725, which equates to a potential downside of -24.05 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
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. Over the past 30 days, FY earnings estimates have also changed downwards by -9.84 percent. If we look at the last 90 days instead, we find a net average change of -7.41 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 4 analysts increased their quarterly estimates, 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.
GOOGL has an estimated earnings growth rate of 11.71 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. The current market price is above the trailing year's low by 28.38 percent, and 5.35 percent lower than its 52-week high. 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's next earnings release will be on 0000-00-00, which is days away.