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Google (NASDAQ: GOOG)?s stock had its ?neutral? rating reiterated by research analysts at Goldman Sachs Group Inc. in a report released on Thursday, ARN reports.
The analysts wrote, ?Google will report 2Q13 results July 18th. We are modeling consolidated revenue and non-GAAP EPS of $14.35bn and $10.36, versus consensus of $14.45bn and $10.79. We are forecasting Google stand alone revenue of $13.32bn (+2% qoq and +16% yoy), in line with consensus. For Motorola, we are modeling $1.03bn versus consensus of $1.06bn. We are forecasting non-GAAP operating margins of 29.7% versus consensus of 30.0%.?
Shares of Google (NASDAQ: GOOG) opened at 923.00 on Thursday. Google has a 52 week low of $568.40 and a 52 week high of $923.00. The stock?s 50-day moving average is currently $882.9. The company has a market cap of $306.2 billion and a P/E ratio of 27.53.
Google (NASDAQ: GOOG) last announced its earnings results on Thursday, April 18th. The company reported $11.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $10.69 by $0.89. The company had revenue of $11.01 billion for the quarter, compared to the consensus estimate of $14.04 billion. During the same quarter in the prior year, the company posted $10.08 earnings per share. The company?s quarterly revenue was up 35.3% on a year-over-year basis. On average, analysts predict that Google will post $46.12 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna initiated coverage on shares of Google in a research note to investors on Wednesday. They set a ?positive? rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of Google in a research note to investors on Tuesday. They set a ?buy? rating and a $1,100.00 price target on the stock. Finally, analysts at Piper Jaffray Cos. reiterated a ?sell? rating on shares of Google in a research note to investors on Tuesday.
Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of ?Buy? and an average target price of $940.63.
Google Inc (NASDAQ: GOOG) is a global technology company focused on improving the ways people connect with information.
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