December 15th, 2015

Stock Update: Google Inc (NASDAQ:GOOG) – Google is officially a ‘dog company’

[Business Insider] – Google has enshrined its status as a “dog company” in its code of conduct on its investor… Read more on this. Alphabet Inc. (GOOG) , valued at $480.34B, started trading this morning at $689.32. Looking at the equity, the company’s one day range is $673.26 to $706.85 with a trailing 52-week range being $499.83 to $779.98. GOOG shares are currently priced at 24.22x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.46x earnings multiple. In a review of the consensus earnings estimate this quarter, 40 sell-side analysts are looking at $8.09 per share, which would be $1.74 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $28.98 would be a $3.84 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.78 Billion. If reported, that would be a 43.51% increase over the year-ago quarter. In terms of ratings, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. With the above information in mind, readers should note that the average price target is $853.67, which is 23.84% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Stock Update: Google Inc (NASDAQ:GOOG) – Google Vs. Facebook: Clash Of The Internet Titans Stock Update: Google Inc (NASDAQ:GOOG) – Louisville crowned one of Google’s 50 eCities Stock Update: Google Inc (NASDAQ:GOOG) – The ‘Google of Russia’ Wins as Google Loses Antitrust Probe
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