Stock Update (NASDAQ:GOOG): Apple Hires Former Google X Lab Leader For Health Care Push

[at Investor’s Business Daily] – Apple (AAPL) continues to bring in more engineering talent amid a fall for its stock. The company has reportedly hired Yoky Matsuoka, most recently head of technology at Google’s Nest, to work on health … Read more on this. Alphabet Inc. (GOOG) , with a current market cap of $477.83B, started trading this morning at $689.04. Looking at today’s trading action, the company’s one day range from $689.01 to $699.75 with a trailing 52-week range being $515.18 to $789.87. GOOG shares are currently priced at 20.63x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.35x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $8.05 per share, which would be $1.06 better than the year-ago quarter and a $0.14 sequential decrease. The full-year EPS estimate is $33.56 which would be a $3.98 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.75 Billion. If realized, that would be a 17.03% increase over the year-ago quarter. Recently, Pivotal Research Group upgraded GOOG from Hold to Buy (Apr 11, 2016). Previously, Goldman upgraded GOOG from Neutral to Buy. The average price target for GOOG shares is $924.83, which is 34.22% above where the stock opened this morning. See more in (NASDAQ:GOOG) Similar Articles: Company Update (NASDAQ:GOOG): Like Apple, Google Android Said Ordered To Unlock Smartphones Stock Update: Google Inc (NASDAQ:GOOG) – Google to take on Apple in the UK with Android Pay Stock Update: Google Inc (NASDAQ:GOOG) – Google just made a move that could derail Roku’s big plan for the future