Goldman Sachs Group’s Buy Rating Reaffirmed at TheStreet (GS)
Goldman Sachs Group (NYSE:GS)‘s stock had its “buy” rating reiterated by investment analysts at TheStreet in a note issued to investors on Wednesday, StockRatingsNetwork.com reports.
The analysts wrote, “Goldman Sachs Group (GS) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Shares of Goldman Sachs Group (NYSE:GS) traded up 0.17% on Wednesday, hitting $153.31. The stock had a trading volume of 1,139,392 shares. Goldman Sachs Group has a one year low of $113.84 and a one year high of $170.00. The stock’s 50-day moving average is $159.8 and its 200-day moving average is $156.4. The company has a market cap of $71.826 billion and a P/E ratio of 9.31.
Goldman Sachs Group (NYSE:GS) last released its earnings data on Tuesday, July 16th. The company reported $3.70 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.78 earnings per share. The company’s quarterly revenue was up 29.9% on a year-over-year basis. Analysts expect that Goldman Sachs Group will post $15.03 EPS for the current fiscal year.
A number of other firms have also recently commented on GS. Analysts at ISI Group initiated coverage on shares of Goldman Sachs Group in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Susquehanna cut their price target on shares of Goldman Sachs Group from $190.00 to $187.00 in a research note to investors on Wednesday, October 2nd. They now have a “positive” rating on the stock. Finally, analysts at Guggenheim downgraded shares of Goldman Sachs Group 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. Seventeen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $162.76.
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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