The stocks of GOOG have had their rating reduced from buy to hold by analysts working at Zacks Investment Research- which was then sent out to investors in a Friday research note.
Stock Commentary of GOOG
There have been quite a few research equities that have commented and have given their analysis on the stocks of GOOG. Canaccord Genuity has already increased the price target of the company from $2,250 to $2,400 with a rating of buy in a 3rd February research note. Evercore ISI has put up a rating of outperform with a price target of $2,525 for the stock in a Tuesday research report. Raymond James has already increased the price target of the company from $1,800 to $2,440 with a rating of outperform in a 3rd February research note. The Goldman Sachs Group has also put up a rating of buy in a research report that was sent out on the 3rd of February.
Two of the investment analysts covering the firm have already given it a rating of hold, while twenty-one others have given it a rating of buy. Currently, GOOG has a buy rating with a $2,280.05 price target for the stocks of Alphabet.
The stocks of GOOG traded on Friday at $1.10. The market cap of the firm is $1.55 trillion, with a 44.40 PE ratio, and a 1.66 PEG ratio. The debt-to-equity ratio of the company is 0.07, with a 3.39 quick ratio, along with a 3.41 current ratio. The year low of the company is $1,209.71 with a year high of around $2,306.60. The moving average price of the company over a period of 50 days is $2,109.29, with the moving average price set at $1,857.23 for the stocks of Alphabet.