Goldman Sachs’s “Buy” Rating Reaffirmed at TheStreet (GS)
Goldman Sachs (NYSE:GS)‘s stock had its “buy” rating reiterated by TheStreet in a research note issued on Monday, Analyst Ratings Network reports.
The analysts wrote, “Goldman Sachs Group (GS) has been reiterated by TheStreet Ratings as a buy with a ratings score of B.”
Goldman Sachs (NYSE:GS) opened at 164.35 on Monday. Goldman Sachs has a 52-week low of $137.29 and a 52-week high of $181.13. The stock has a 50-day moving average of $168.8 and a 200-day moving average of $164.8. The company has a market cap of $76.817 billion and a price-to-earnings ratio of 10.64.
Goldman Sachs (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The company reported $4.60 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Goldman Sachs will post $15.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Shareholders 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 1.34%. The ex-dividend date is Wednesday, February 26th.
GS has been the subject of a number of other recent research reports. Analysts at Guggenheim upgraded shares of Goldman Sachs from a “neutral” rating to a “buy” rating in a research note on Monday, February 3rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs in a research note 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 from $165.00 to $175.00 in a research note 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 issued a hold rating and six have issued a buy rating to the company’s stock. Goldman Sachs has a consensus rating of “Hold” and a consensus price target of $167.70.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.