Goldman Sachs Group Given New $187.00 Price Target at Susquehanna (GS)
Analysts at Susquehanna dropped their price objective on shares of Goldman Sachs Group (NYSE:GS) from $190.00 to $187.00 in a research report issued to clients and investors on Wednesday, American Banking News reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective would indicate a potential upside of 17.85% from the company’s current price.
A number of other firms have also recently commented on GS. Analysts at Guggenheim downgraded shares of Goldman Sachs Group (NYSE:GS) from a “buy” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a $183.00 price target on the stock, down previously from $190.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Goldman Sachs Group (NYSE:GS) in a research note to investors on Wednesday, September 25th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Goldman Sachs Group (NYSE:GS) in a research note to investors on Wednesday, September 11th. Seventeen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $161.41.
Shares of Goldman Sachs Group (NYSE:GS) traded down 0.21% on Wednesday, hitting $158.67. 2,431,499 shares of the company’s stock traded hands. Goldman Sachs Group has a 52-week low of $113.84 and a 52-week high of $170.00. The stock has a 50-day moving average of $160.6 and a 200-day moving average of $156.1. The company has a market cap of $74.337 billion and a price-to-earnings ratio of 9.67.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.78. The company had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.26 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. On average, analysts predict that Goldman Sachs Group will post $15.11 earnings per share for the current fiscal year.
The Goldman Sachs Group, Inc (NYSE:GS), is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
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