[Reuters] – The S&P 500 resumed its record-breaking climb on Friday and was on track for its best weekly gain in more than three months, boosted by earnings from Google, Morgan Stanley and other big companies. Google …
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Google Inc. (GOOG), with a current value of $335.02B, opened this morning at $976.31.
During today’s session, GOOG traded between $965.00 to $1,008.39 with the price of the stock fluctuating between $636.00 to $1,008.39 over the last 52 weeks.
Google (GOOG) shares are currently priced at 20.43x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -18.44x earnings multiple for the same period.
According to a consensus of 40 analysts, the earnings estimate of $11.81 per share would be $1.22 better than the year-ago quarter and a $0.34 sequential decrease. The full-year EPS estimate is $43.50, which would be a $3.68 better than last year.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $16.58 Billion. If realized, that would be a 36.35% increase over the year-ago quarter.
More recently, Oppenheimer downgraded GOOG from Outperform to Perform (Oct 19, 2012).
Previously, Stifel Nicolaus downgraded GOOG from Buy to Hold.
The average price target for GOOG shares by the analysts covering it is $990.16, which is 1.42% above where the stock opened.
Google Inc. (NASDAQ:GOOG), a technology company, builds products and provides services to organize the information and make it universally accessible and useful. It provides Search, AdWords, AdSense and YouTube. Further, the company offers Android Mobile OS, Google Chrome, Google+, Google Wallet and much more.
Tag Helper ~ Stock Code: GOOG | Common Company name: Google | Full Company name: Google Inc. (NASDAQ:GOOG) .