Somewhat Favorable News Coverage Somewhat Unlikely to Affect Alphabet (GOOGL) Stock Price

Headlines about Alphabet (NASDAQ:GOOGL) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alphabet earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 44.1213770644662 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have effected Accern’s scoring:

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Shares of Alphabet stock traded up $10.14 during trading on Monday, hitting $1,020.09. 1,660,912 shares of the stock traded hands, compared to its average volume of 2,241,108. The firm has a market cap of $701,696.13, a P/E ratio of 31.83, a P/E/G ratio of 1.08 and a beta of 1.05. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03. Alphabet has a 52-week low of $834.60 and a 52-week high of $1,198.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the consensus estimate of $10.12 by ($0.42). The firm had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $25.65 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. analysts forecast that Alphabet will post 41.21 earnings per share for the current year.

Alphabet declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 1st that permits the company to buyback $8.59 billion in outstanding shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

A number of research firms have recently commented on GOOGL. Zacks Investment Research downgraded Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. William Blair reiterated an “outperform” rating on shares of Alphabet in a research report on Thursday, February 1st. Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,243.88 price target on the stock in a report on Monday, February 5th. Stifel Nicolaus lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price target on the stock. in a report on Friday, February 2nd. Finally, Royal Bank of Canada restated a “buy” rating and set a $1,285.00 price target on shares of Alphabet in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,175.34.

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Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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