December 15th, 2015

Stock Update: Google Inc (NASDAQ:GOOG) – Russian Official Says Google And Apple Have Hit ‘Point Of No Return’

[Benzinga] – According to Russian officials, U.S. companies , including Alphabet Inc (NASDAQ: GOOG )’s Google and Apple Inc. (NASDAQ: AAPL ), have reached the “point of no return.” Speaking to Bloomberg , … Read more on this. Alphabet Inc. (GOOG) , currently valued at $476.44B, began trading this morning at $672.32. A quick look at the market, the company’s stock traded between $671.00 and $699.90 with its 52-week range being $515.18 to $789.87. Google (GOOG) shares are currently priced at 19.77x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 6.91x earnings multiple for the same period. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $7.92 per share, which would be $1.04 better than the year-ago quarter and a $0.12 sequential increase. The full-year EPS estimate is $34.53, which would be a $4.95 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.28 Billion. If realized, that would be a 17.50% 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. When considering if the stock is under or overvalued, the average price target is $924.42, which is 37.50% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Stock Update: Google Inc (NASDAQ:GOOG) – Apple’s Android Attack Frustrates Google’s Empire Market Update: Google Inc (NASDAQ:GOOG) – Apple Pay, Google Pay Will Surge In 2016: Report Stock Update: Google Inc (NASDAQ:GOOG) – Is Apple’s ad blocking all about knocking Google?
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