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Google Inc. (GOOG), with a current value of $335.73B, ended session yesterday at $1,007.00.
Today, shares have traded between $1,000.73 and $1,014.20 per share with the price of the stock fluctuating between $636.00 to $1,019.00 over the last 52 weeks.
GOOG shares are currently priced at 22.83x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -18.96x earnings multiple for the same period.
According to a consensus of 40 analysts, the earnings estimate of $12.22 per share would be $1.63 better than the year-ago quarter and a $0.40 sequential increase. What we find to be interesting is that the full-year EPS estimate of $44.11 is a $4.29 better when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $16.56 Billion. If realized, that would be a 36.18% increase over the year-ago quarter.
In terms of ratings, 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 $1,068.95, which is 0.00% 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) .