Investment analysts at Cantor Fitzgerald raised their target price on shares of Google (NASDAQ: GOOG)
Shares of Google opened at 702.87 on Wednesday. Google has a one year low of $556.52 and a one year high of $774.38. The stock?s 50-day moving average is currently $712.8. The company has a market cap of $231.0 billion and a P/E ratio of 22.03.
Google last issued its quarterly earnings data on Tuesday, January 22nd. The company reported $10.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $10.56 by $0.09. The company had revenue of $12.16 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in 2012, the company posted $9.50 earnings per share. The company?s quarterly revenue was up 49.6% on a year-over-year basis. On average, analysts predict that Google will post $39.73 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on GOOG. Analysts at Jefferies Group raised their price target on shares of Google from $850.00 to $875.00 in a research note to investors on Wednesday. They now have a ?buy? rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Google from $794.00 to $843.00 in a research note to investors on Wednesday. They now have an ?overweight? rating on the stock. Finally, analysts at JPMorgan Chase raised their price target on shares of Google from $802.00 to $860.00 in a research note to investors on Wednesday. They now have an ?overweight? rating on the stock. Twenty-seven investment analysts have rated the stock with a buy rating, five have assigned an overweight rating, and eleven have assigned a hold rating to the stock. Google currently has a consensus rating of ?overweight? and an average target price of $804.54.
Google Inc. (Google) is a global technology company focused on improving the ways people connect with information.