Todays Report: The Alphabet’s (GOOGL) “Buy” Rating Reaffirmed at Canaccord Genuity

The Alphabet’s (GOOGL) “Buy” Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reissued their buy rating on shares of Alphabet Inc. (NASDAQ:GOOGL) in a research report report published on Tuesday morning. They currently have a $900.00 target price on the stock.

GOOGL has been the topic of several other reports. Morgan Stanley reissued a buy rating and issued a $880.00 price objective on shares of Alphabet in a report on Thursday, September 29th. Jefferies Group reissued a buy rating and issued a $1,000.00 price objective on shares of Alphabet in a report on Monday. Vetr raised Alphabet from a hold rating to a buy rating and set a $838.19 price objective on the stock in a report on Monday, August 22nd. Bank of America Corp. reissued a buy rating and issued a $960.00 price objective on shares of Alphabet in a report on Wednesday, August 31st. Finally, Robert W. Baird reissued an outperform rating and issued a $900.00 price objective on shares of Alphabet in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, forty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Alphabet has an average rating of Buy and a consensus target price of $926.06.

Alphabet (NASDAQ:GOOGL) traded up 0.40% during trading on Tuesday, hitting $806.00. The stock had a trading volume of 334,547 shares. Alphabet has a 12 month low of $654.49 and a 12 month high of $819.06. The company’s 50 day moving average is $799.87 and its 200-day moving average is $758.88. The company has a market cap of $553.94 billion, a PE ratio of 31.23 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Thursday, July 28th. The company reported $8.42 EPS for the quarter, topping the consensus estimate of $8.04 by $0.38. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. On average, equities research analysts predict that Alphabet will post $34.26 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Alphabet by 97.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 146 shares of the company’s stock worth $102,000 after buying an additional 72 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in Alphabet by 29.8% in the second quarter. Archford Capital Strategies LLC now owns 148 shares of the company’s stock worth $104,000 after buying an additional 34 shares in the last quarter. Roble Belko & Company Inc boosted its stake in Alphabet by 294.9% in the second quarter. Roble Belko & Company Inc now owns 154 shares of the company’s stock worth $108,000 after buying an additional 115 shares in the last quarter. MCF Advisors LLC boosted its stake in Alphabet by 1.9% in the second quarter. MCF Advisors LLC now owns 159 shares of the company’s stock worth $112,000 after buying an additional 3 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in Alphabet during the second quarter worth $117,000. Institutional investors and hedge funds own 34.12% of the company’s stock.

About Alphabet

Related posts

Leave a Comment