Vetr Upgrades Alphabet (GOOGL) to Buy

Alphabet (NASDAQ:GOOGL) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $1,120.76 price target on the information services provider’s stock. Vetr‘s price objective indicates a potential upside of 5.71% from the company’s previous close.

A number of other research analysts have also recently weighed in on GOOGL. Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a research note on Thursday, August 31st. SunTrust Banks reiterated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Thursday, September 7th. UBS Group reiterated a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a research note on Friday, September 8th. Robert W. Baird reiterated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Monday, September 11th. Finally, Citigroup reiterated a “buy” rating and issued a $1,180.00 target price on shares of Alphabet in a research note on Wednesday, September 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,091.54.

Alphabet (NASDAQ:GOOGL) opened at $1,060.20 on Tuesday. Alphabet has a twelve month low of $789.62 and a twelve month high of $1,086.49. The firm has a market cap of $733,460.00, a PE ratio of 35.32, a P/E/G ratio of 1.80 and a beta of 0.90. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. During the same period in the previous year, the company earned $9.06 earnings per share. analysts predict that Alphabet will post 32.34 EPS for the current year.

Several large investors have recently modified their holdings of GOOGL. Pure Financial Advisors Inc. boosted its position in Alphabet by 0.4% during the 2nd quarter. Pure Financial Advisors Inc. now owns 278 shares of the information services provider’s stock valued at $258,000 after buying an additional 1 shares during the period. First Bank & Trust boosted its position in Alphabet by 0.3% during the 2nd quarter. First Bank & Trust now owns 764 shares of the information services provider’s stock valued at $710,000 after buying an additional 2 shares during the period. Fort Pitt Capital Group LLC boosted its position in Alphabet by 0.3% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 723 shares of the information services provider’s stock valued at $672,000 after buying an additional 2 shares during the period. RB Capital Management LLC boosted its position in Alphabet by 0.4% during the 2nd quarter. RB Capital Management LLC now owns 704 shares of the information services provider’s stock valued at $654,000 after buying an additional 3 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in Alphabet by 0.7% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 422 shares of the information services provider’s stock valued at $392,000 after buying an additional 3 shares during the period. 33.55% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Alphabet (NASDAQ:GOOGL)

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