Goldman Sachs Group PT Lowered to $185.00 (GS)
Equities researchers at Susquehanna reduced their target price on shares of Goldman Sachs Group (NYSE:GS) from $187.00 to $185.00 in a research report issued on Friday, Analyst Ratings News reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target points to a potential upside of 16.58% from the company’s current price.
Shares of Goldman Sachs Group (NYSE:GS) traded up 0.23% on Friday, hitting $158.69. 4,982,966 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’s 50-day moving average is $160. and its 200-day moving average is $156.9. The company has a market cap of $74.346 billion and a price-to-earnings ratio of 9.63. Goldman Sachs Group also was the target of some unusual options trading on Wednesday. Traders acquired 36,942 call options on the company. This represents an increase of approximately 182% compared to the average volume of 13,083 call options.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Thursday, October 17th. The company reported $2.88 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $2.88. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $7.36 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The company’s revenue for the quarter was down 19.5% on a year-over-year basis. On average, analysts predict that Goldman Sachs Group will post $15.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Wednesday, November 27th. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.50.
GS has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs Group in a research note to investors on Friday. They now have a $166.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Goldman Sachs Group in a research note to investors on Thursday. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Goldman Sachs Group in a research note to investors on Wednesday, October 9th. Seventeen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $162.90.
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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