Investors Purchase Large Volume of Goldman Sachs Put Options (GS)
Goldman Sachs (NYSE:GS) saw unusually large options trading activity on Monday. Investors bought 10,813 put options on the company, Analyst Ratings.Net reports. This represents an increase of approximately 114% compared to the average daily volume of 5,053 put options.
A number of research firms have recently commented on GS. Analysts at Nomura reiterated a “neutral” rating on shares of Goldman Sachs in a research note on Wednesday, April 2nd. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Goldman Sachs in a research note on Wednesday, April 2nd. They now have a $165.92 price target on the stock, down previously from $185.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs in a research note on Wednesday, March 5th. They now have a $177.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $168.46.
Shares of Goldman Sachs (NYSE:GS) traded down 2.87% on Monday, hitting $158.56. The stock had a trading volume of 4,629,798 shares. Goldman Sachs has a 52 week low of $137.29 and a 52 week high of $181.13. The stock’s 50-day moving average is $166.4 and its 200-day moving average is $166.3. The company has a market cap of $74.105 billion and a price-to-earnings ratio of 10.56.
Goldman Sachs (NYSE:GS) last posted its quarterly earnings results 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 previous year, the company posted $5.60 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts expect that Goldman Sachs will post $15.34 EPS for the current fiscal year.
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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