Alphabet Class A (NASDAQ:GOOGL) shares traded -1.33% down during most recent session to reach at the closing price of $1106.5. The stock exchanged hands 1.56 Million shares versus average trading capacity of 1.61 Million shares, yielding a market cap of $771.18 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $1341.82 within the next 52-weeks. The mean target projections are based on 38 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Alphabet Class A (NASDAQ:GOOGL) high price target of $1500 and with a conservative view have low price target of $1150.
“Initiates Coverage On” Alphabet Class A (NASDAQ:GOOGL) in a research note issued to investors on 5/29/19 to Hold with price target of $1270.
Additionally on 5/29/19 “Initiates Coverage On” Alphabet Class A (NASDAQ:GOOGL) to Hold setting price target at $1250 and on 5/01/19 “Downgrades” the stock to Hold. Furthermore on 4/30/19 “Maintained” the stock to Buy at $1300.
On the other hand the company has Relative Strength Index (RSI 14) of 33.29 along with Average True Range (ATR 14) of 24.45, Consequently Alphabet Class A (NASDAQ:GOOGL)’s weekly and monthly volatility is 1.42%, 1.87% respectively. The company’s beta value is at 1.04.
In terms of Buy, Sell or Hold recommendations, Alphabet Class A (NASDAQ:GOOGL) has analysts’ mean recommendation of 1.7. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Alphabet Class A (NASDAQ:GOOGL)’s minimum EPS for the current quarter is at $9.63 and can go high up to $13.38. The consensus mean EPS for the current quarter is at $11.25 derived from a total of 34 estimates from the analysts who have weighed in on projected earnings. However the company reported $4.54 earnings per share for the same quarter during last year.
Previously Alphabet Class A (NASDAQ:GOOGL) reported $9.5 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.61 by $-1.11. The company posted an earnings surprise of -10.5%.
Alphabet Class A (NASDAQ:GOOGL)’s revenue estimates for the current quarter are $38.18 Billion according to 28 number of analysts, for the current quarter the company has high revenue estimates of $39.09 Billion in contradiction of low revenue estimates of $37.45 Billion. For the current year the company’s revenue estimates are $160.52 Billion compared to low analyst estimates of $158.34 Billion and high estimates of $163.1 Billion according to 31 number of analysts.
Currently Alphabet Class A (NASDAQ:GOOGL)’s shares owned by insiders are 0.16%, whereas shares owned by institutional owners are 81.2%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.12%.
Alphabet Class A (NASDAQ:GOOGL)’s trailing twelve month revenues are $142.01 Billion, whereas its price to sales ratio for the same period is 5.43. Its book value per share for the most recent quarter is $264.04 while its price to book ratio for the same period is 4.19, as for as the company’s cash per share for the most recent quarter is $162.84, however its price to cash per share ratio for the same period is 6.8. The stock has 5 year expected PEG ratio of 1.76 whereas its trailing twelve month P/E ratio is 27.75.