Goldman Sachs Group Rating Reiterated by TheStreet (GS)
Goldman Sachs Group (NYSE:GS)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a research report issued on Thursday, StockRatingsNetwork 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 0.23% during mid-day trading on Thursday, 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 saw unusually large options trading activity on Wednesday. Stock investors purchased 36,942 call options on the stock. This represents an increase of 182% compared to the typical volume of 13,083 call options.
Goldman Sachs Group (NYSE:GS) last posted its quarterly 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. Shareholders 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 positive change from Goldman Sachs Group’s previous quarterly dividend of $0.50.
A number of other analysts have also recently weighed in on GS. Analysts at ISI Group initiated coverage on shares of Goldman Sachs Group in a research note to investors on Tuesday, October 8th. 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average 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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