Stock Update: Google Inc (NASDAQ:GOOG) – Google’s Schmidt to give the world a $1 million tech upgrade

Google Inc (NASDAQ:GOOG) [at CNNMoney.com] – Google co-founder Eric Schmidt plans to dole out $1 million to companies around the world to help them upgrade their communication technology. That’s worth about 833 shares of Google, which is currently …
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Google Inc. (GOOG), with a current value of $408.69B, finished at $1,203.79.
 
Looking at the stock, its one day range is $1,205.00 to $1,218.84 and has traded between $761.26 and $1,218.84 over the past year.
 
GOOG shares are currently priced at 23.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -8.83x earnings multiple.
 

 
Consensus earnings for the current quarter by the 25 sell-side analysts covering the stock is an estimate of $12.28 per share, which would be $0.70 better than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $51.81 which would be a $7.92 better than last year’s full-year earnings.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $16.52 Billion. If realized, that would be a 18.25% increase over the year-ago quarter.
 
Recently, 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 $1,317.38, 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) .

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