Goldman Sachs Receives Neutral Rating from SunTrust (GS)
Goldman Sachs (NYSE:GS)‘s stock had its “neutral” rating reiterated by equities researchers at SunTrust in a research report issued on Friday, AR Network reports. They currently have a $176.00 price objective on the stock. SunTrust’s target price would suggest a potential upside of 11.22% from the stock’s previous close.
A number of other firms have also recently commented on GS. Analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs in a research note on Monday. They now have a $165.00 price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Goldman Sachs in a research note on Wednesday, April 2nd. Finally, 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Goldman Sachs presently has an average rating of “Hold” and a consensus target price of $170.99.
Goldman Sachs (NYSE:GS) traded down 1.62% on Friday, hitting $158.24. The stock had a trading volume of 3,290,985 shares. Goldman Sachs has a one year low of $140.39 and a one year high of $181.13. The stock’s 50-day moving average is $163.3 and its 200-day moving average is $165.8. The company has a market cap of $73.550 billion and a price-to-earnings ratio of 10.60.
Goldman Sachs (NYSE:GS) last released its earnings data on Thursday, April 17th. The company reported $4.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.44 by $0.58. The company had revenue of $9.33 billion for the quarter, compared to the consensus estimate of $8.70 billion. During the same quarter in the prior year, the company posted $4.29 earnings per share. The company’s quarterly revenue was down 7.5% on a year-over-year basis. Analysts expect that Goldman Sachs will post $15.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, May 28th.
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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