The information services provider reported $5.01 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $8.25 by ($3.24). (NDAQ:GOOG) upped the target price from $1,100.00 to $1,350.00 that suggested an upside of 0.37%.
Other analysts have also recently issued research reports about the company. They now have a $1,050.00 price objective on the information services provider's stock. Wells Fargo & Company restated a "buy" rating on shares of Alphabet in a report on Friday, October 6th. They noted that the move was a valuation call. The company has a market cap of $678.41B. CLSA maintained Alphabet Inc (NASDAQ:GOOGL) rating on Friday, July 29. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the stock.
'Stranger Things' Season 2 Friday The 13th Trailer Teaser
The wait is nearly over as the Netflix sci-fi horror drama Stranger Things is returning in more than two weeks. The titles for the final three episodes have been kept under wrap for now.
On July 25 Deutsche Bank made no change to the stock rating of "Buy" but lowered the price expectation to $1.00 from $1.00. Parkside Financial Bank & Trust lifted its holdings in shares of Alphabet by 39.6% in the 2nd quarter. The firm has a market capitalization of $687.09 billion, a P/E ratio of 33.56 and a beta of 0.98. Alphabet Inc. has a 12 month low of $743.59 and a 12 month high of $1,008.61. The stock is trading at $989.25 a bit higher than $938.42, the stock's 50 day moving average and which is just a bit higher than the 200 day moving average of $922.72. The stock of Alphabet Inc (NASDAQ:GOOGL) has "Buy" rating given on Thursday, July 20 by Stifel Nicolaus. Analysts forecast EPS of $8.43, up exactly $1.18 or 16.28 % from 2014's $7.25 EPS. Return on assets is 11.40% and Return on equity (ROE) is 13.70% while it's Return on Investment (ROI) of 13.30%. This is assuming the current $8.43 EPS is accurate. On average, equities analysts expect that Alphabet will post $30.59 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: "Royal Bank Of Canada Reaffirms "Buy" Rating for Alphabet Inc".
Axalta Coating Systems Ltd. (NYSE:AXTA) Valuation According To Analysts
Acrospire Investment Management LLC lifted its position in shares of Axalta Coating Systems by 257.0% during the 2nd quarter. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry.
GOOGL has been the subject of a number of other reports. If you are viewing this report on another site, it was illegally stolen and republished in violation of USA and global copyright & trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2017/10/12/alphabet-inc-googl-shares-sold-by-eastern-bank.html.
Alphabet shares jumped 0.9%, or US$9.10, to US$996.90 in early deals on Wednesday. Doyle Wealth Management now owns 3,182 shares of the information services provider's stock valued at $2,891,000 after acquiring an additional 200 shares during the period. Neville Rodie & Shaw Inc. raised its holdings in shares of Alphabet by 1.4% in the 3rd 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 in the last quarter. The institutional investor owned 20,965 shares of the information services provider's stock after selling 135 shares during the period. Farmers National Bank raised its stake in shares of Alphabet by 2.7% during the first quarter. Bath Savings Trust Co now owns 7,529 shares of the information services provider's stock valued at $7,332,000 after acquiring an additional 635 shares in the last quarter. Delta Asset Management LLC TN raised its stake in shares of Alphabet by 1.5% during the first quarter. Osmium Partners Llc owns 1.92 million shares or 13.51% of their United States portfolio.
Investors Feeling Jittery About Canadian National Railway Company (CNI), Equity Residential (EQR)
Canaccord Genuity downgraded Canadian National Railway (USA) (NYSE:CNI) on Tuesday, October 13 to "Hold" rating. Pine Brook Road Advisors Lp sold 5.07 million shares as the company's stock rose 0.82% with the market.
Arthur M. Cohen & Associates LLC purchased a new stake in shares of Alphabet Inc.