December 15th, 2015

Stock Update: Google Inc (NASDAQ:GOOG) – Rupert Murdoch Attacks Google Over U.K. Tax as Cameron Defends Deal

[at Bloomberg] – News Corp. chairman lets rip on Twitter, accusing Google of utilizing lax tax laws and deploying “brilliant lobbying”. Read more on this. Alphabet Inc. (GOOG) , valued at $488.93B, started trading this morning at $713.67. Shares have traded today between $702.25 and $714.97 per share with a one year range of $499.83 to $779.98. GOOG shares are currently priced at 24.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.49x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 39 sell-side analysts are looking at $8.09 per share, which would be $1.74 better than the year-ago quarter and a $0.01 sequential increase. Investors should also note that the full-year EPS estimate of $28.97 is a $3.83 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.76 Billion. If reported, that would be a 43.37% increase over the year-ago quarter. Recently, 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 19.62% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update (NASDAQ:GOOG): If Even A Tax QC Is Getting Google’s Tax Deal Wrong Then What Hope For The Rest Of Us? Stock Update: Google Inc (NASDAQ:GOOG) – Google Vs. Facebook: Clash Of The Internet Titans Market Update: Google Inc (NASDAQ:GOOG) – The Google Trade: How to Profit from Alphabet Stock
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