A number of equity research firms have modified their stock ratings and price targets on shares of Google Inc. (NASDAQ: GOOG) in the last week:
Stifel Nicolaus analysts cut their price target on shares of Google Inc. from $775.00 to $750.00. They now have a “buy” rating on the stock.
Citigroup analysts downgraded shares of Google Inc. from a “buy” rating to a “hold” rating. They now have a $650.00 price target on the stock, down previously from $750.00.
Piper Jaffray analysts cut their price target on shares of Google Inc. from $725.00 to $673.00. They now have an “overweight” rating on the stock.
Bank of America Merrill Lynch analysts reiterated a “buy” rating on shares of Google Inc.. They now have a $750.00 price target on the stock.
Benchmark Co. analysts reiterated a “buy” rating on shares of Google Inc.. They now have a $700.00 price target on the stock.
Wedbush analysts cut their price target on shares of Google Inc. from $750.00 to $700.00. They now have an “outperform” rating on the stock.
Oppenheimer analysts cut their price target on shares of Google Inc. from $715.00 to $650.00. They now have an “outperform” rating on the stock.
RBC Capital analysts cut their price target on shares of Google Inc. from $700.00 to $680.00. They now have an “outperform” rating on the stock.
UBS AG analysts cut their price target on shares of Google Inc. from $780.00 to $765.00. They now have a “buy” rating on the stock.
Credit Suisse analysts cut their price target on shares of Google Inc. from $750.00 to $700.00. They now have an “outperform” rating on the stock.
Goldman Sachs analysts cut their price target on shares of Google Inc. to $690.00. They now have a “buy” rating on the stock.
Credit Suisse analysts downgraded shares of Google Inc. from a “buy” rating to a “hold” rating. They now have a $650.00 price target on the stock, down previously from $750.00.
Zacks Investment Research analysts reiterated a “neutral” rating on shares of Google Inc.. They now have a $557.00 price target on the stock.
About Google Inc.:
Google Inc. maintains an index of Websites and other online content, and makes this information freely available through its search engine to anyone with an Internet connection. Its automated search technology helps people obtain nearly instant access to relevant information from its online index. It generates revenue primarily by delivering online advertising. Businesses use its AdWords program to promote their products and services with targeted advertising. In addition, the thousands of third-party Websites that comprise the Google Network use its AdSense program to deliver relevant ads that generate revenue and enhance the user experience. In September 2009, the Company acquired ReCAPTCHA Inc., a spin-off of Carnegie Mellon University’s Computer Science Department. In February 2010, it acquired Aardvark. In February 2010, it acquired On2 Technologies, Inc. In August 2010, it acquired Slide, a social technology company. In August 2010, it acquired Angstro.
Shares of Google Inc. traded down 0.12% during mid-day trading on Friday, hitting $525.10. Google Inc. has a 52 week low of $433.63 and a 52 week high of $642.96. The stock’s 50-day moving average is $573.0 and its 200-day moving average is $593.2. The company has a market cap of $168.8 billion and a price-to-earnings ratio of 19.26.
Google Inc. last announced its quarterly results on Thursday, April 14th. The company reported $8.08 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $8.10 EPS by $0.02. During the same quarter in the prior year, the company posted $6.76 earnings per share. The company’s quarterly revenue was up 29.1% on a year-over-year basis. On average, analysts predict that Google Inc. will post $8.31 EPS next quarter.
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