Stock Update: Google Inc (NASDAQ:GOOG) – Google to take on Apple in the UK with Android Pay

[at CNBC] – Google is bringing Android Pay, its contactless payment app, to the U.K. “in the next few months”, the U.S. search giant said on Wednesday, putting it head-to-head with rivals Apple and Samsung…. Read more on this. Alphabet Inc. (GOOG) , with a current value of $510.13B, began trading this morning at $742.36. Today, shares have traded between $736.15 and $745.72 per share with the price of the stock fluctuating between $515.18 to $789.87 over the last 52 weeks. GOOG shares are currently priced at 21.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 20.60x earnings multiple. In a review of the consensus earnings estimate this quarter, 36 sell-side analysts are looking at $7.94 per share, which would be $1.06 better than the year-ago quarter and a $0.14 sequential increase. What we find to be interesting is that the full-year EPS estimate of $34.62 is a $5.04 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 $20.30 Billion. If realized, that would be a 17.61% increase over the year-ago quarter. More recently, Goldman upgraded GOOG from Neutral to Buy (Aug 26, 2015). Previously, Atlantic Equities upgraded GOOG from Neutral to Overweight. When considering if perhaps the stock is under or overvalued, the average price target is $930.08, which is 25.29% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update (NASDAQ:GOOG): Google gives peek at new Android system Market Update (NASDAQ:GOOG): Android Circuit: Apple’s Android Mistake, Samsung Confirms New Phone, Google’s Browser Wars Stock Update: Google Inc (NASDAQ:GOOG) – Apple’s Android Attack Frustrates Google’s Empire