Goldman Sachs Group Stock Rating Reaffirmed by TheStreet (GS)
Goldman Sachs Group (NYSE:GS)‘s stock had its “buy” rating reiterated by stock analysts at TheStreet in a report issued on Thursday, AR Network reports.
The analysts wrote, “Goldman Sachs Group (GS) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. Among the primary strengths of the company is its solid stock performance, considering both the consistency and magnitude of the price movement over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Several other analysts have also recently commented on the stock. Analysts at Guggenheim upgraded shares of Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs Group in a research note to investors on Friday, January 17th. They now have a $184.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Goldman Sachs Group from $165.00 to $175.00 in a research note to investors on Friday, January 17th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $167.70.
Goldman Sachs Group (NYSE:GS) opened at 161.04 on Thursday. Goldman Sachs Group has a one year low of $137.29 and a one year high of $181.13. The stock has a 50-day moving average of $172.8 and a 200-day moving average of $165.0. The company has a market cap of $75.270 billion and a price-to-earnings ratio of 10.46.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.42. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $7.62 billion. During the same quarter in the prior year, the company posted $5.60 earnings per share. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Analysts expect that Goldman Sachs Group will post $15.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of 0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Wednesday, February 26th.
In other Goldman Sachs Group news, Insider Sarah Smith unloaded 8,839 shares of the stock on the open market in a transaction dated Monday, January 27th. The stock was sold at an average price of $166.82, for a total value of $1,474,521.98. Following the transaction, the insider now directly owns 28,674 shares of the company’s stock, valued at approximately $4,783,397. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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