[at CNBC] – Call it the food shortage barometer because, it turns out, Google tends to be a very reliable gauge of pinpointing interest in product scarcity.
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Google Inc. (GOOG), valued at $382.19B, ended session yesterday at $1,130.18.
Looking at the stock, its one day range is $1,126.17 to $1,146.91 with a one year range of $695.52 to $1,147.32.
GOOG shares are currently priced at 25.83x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -18.41x forward p/e ratio.
In a review of the consensus earnings estimate this quarter, 40 sell-side analysts are looking at $12.24 per share, which would be $1.65 better than the year-ago quarter and a $0.44 sequential increase. What we find to be interesting is that the full-year EPS estimate of $44.19 is a $4.37 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 $16.72 Billion. If realized, that would be a 37.50% 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.
When considering if the stock is under or overvalued, the average price target is $1,150.82, 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) .