[Reuters - UK Focus] – British chip designer ARM Holdings Plc’s shares rose as much as 5.5 percent after a media report that Google Inc was considering using ARM’s chips to design its own server processors. By using its own …
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Google Inc. (GOOG), valued at $358.73B, ended trading at $1,069.96.
A quick look at the market, the company’s traded between $1,073.24 to $1,075.82 with a one year range of $695.52 to $1,092.31.
GOOG shares are currently priced at 24.23x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -23.60x earnings multiple for the same period.
Consensus earnings for the current quarter by the 40 sell-side analysts covering the stock is an estimate of $12.22 per share, which would be $1.63 better than the year-ago quarter and a $0.37 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $44.15, which would be a $4.33 improvement when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.71 Billion. If reported, that would be a 37.42% increase over the year-ago quarter.
Recently, CRT Capital Initiated GOOG at Buy (Sep 19, 2013). Previously, Janney Initiated GOOG at to Buy.
Given all the information above, we should disclose to readers that the average price target is $1,110.38, which is 0.00% above than it opened this morning.
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) .