[at Forbes] – The Italian Senate has now passed the “Google Tax” and Italian lawmakers really do seem to be entirely blind to the fact that this law is illegal under European Union rules that cover trade and the establishment of companies. But what’s worse than this is that even if the law [...]
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Google Inc. (GOOG), with a current market cap of $371.09B, ended session yesterday at $1,115.10.
Looking at today’s market, GOOG one day range is $1,108.10 to $1,115.24 with the price of the stock fluctuating between $695.52 to $1,115.80 over the last 52 weeks.
GOOG shares are currently priced at 25.26x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -21.60x forward p/e ratio.
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 $0.39 sequential increase. Investors should also note that the full-year EPS estimate of $44.15 is a $4.33 improvement 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 $16.71 Billion. If realized, that would be a 37.42% increase over the year-ago quarter.
In terms of ratings, CRT Capital Initiated GOOG at Buy (Sep 19, 2013). Previously, Janney Initiated GOOG at to Buy.
The average price target for GOOG shares by the analysts covering the stock is $1,118.59, which is 0.00% above where the stock 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) .