The stocks of GOOG gapped up way before the trading schedule on Wednesday- which had an even better result than expected on the earnings announcement. The stock had closed previously at $2,307.12 but opened up at $2.426.90. The provider of information services reported an EPS of $26.29 for this quarter, which was more than the consensus estimate put by Thomson Reuters at $15.74. The revenue generated by the company during this period was $55.30 billion, which was more than the consensus estimate set at $51.40 billion. The return on equity for the company during this period was 17.31% with a 20.80% net margin.
The Stock Commentary Of GOOG
There have been quite a few research equities that have commented on the stocks of GOOG. Jefferies Financial Group has already given the company a rating of buy in a Wednesday research report. Oppenheimer has already increased the price target from $2,350 to $2,510 with a rating of “outperform” in a Monday research report. Wole Research has also put up a rating of “outperform” with a price target of $2,450 on the stock.
Two of the investment equities have already given the stocks a rating of hold, while twenty-two others have given the company a rating of buy. Currently, GOOG has a buy rating with a price target of $2,445.80.
The stocks of GOOG had a market cap of around $1.64 trillion, with a 47.21 PE ratio, and a 1.66 PEG ratio. The debt-to-equity ratio of the company is 0.07, with a 3.41 current ratio, and a 3.39 quick ratio. The moving average price of the company over a period of 50 days is $2,161.74, with the moving average price over 200 days set at $1,902.82.
