Market Update: Google Inc (NASDAQ:GOOG) – Google Partners With Lowe’s For New DIY Tools

[Benzinga] – Google parent Alphabet Inc (NASDAQ: GOOG ) (NASDAQ: GOOGL ) has partnered with home improvement retailer Lowe’s Companies, Inc. (NYSE: LOW ) to debut a new mapping technology that will make home makeovers … Read more on this. Alphabet Inc. (GOOG) , with a current value of $483.02B, started trading this morning at $692.29. Looking at the stock, its one day range is $692.21 to $706.74 with a trailing 52-week range being $498.63 to $779.98. Google (GOOG) shares are currently priced at 24.65x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.42x earnings multiple for the same period. According to a consensus of 39 analysts, the earnings estimate of $8.09 per share would be $1.74 better than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $28.99, which would be a $3.85 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.78 Billion. If reported, that would be a 43.51% 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. The average price target for GOOG shares by the analysts covering the stock is $853.67, which is 23.31% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Market Update: Google Inc (NASDAQ:GOOG) – Get ready for Google to lose billions Market Update: Google Inc (NASDAQ:GOOG) – The Google Trade: How to Profit from Alphabet Stock Market Update: Google Inc (NASDAQ:GOOG) – Can Alphabet/Google Make Warren Buffett Model Work?