Investors Purchase Large Volume of Call Options on Goldman Sachs (GS)
Shares of Goldman Sachs (NYSE:GS) were the recipient of some unusual options trading on Friday. Investors acquired 16,197 call options on the company, Analyst Ratings Network.com reports. This represents an increase of 159% compared to the average volume of 6,253 call options.
Several analysts have recently commented on the stock. Analysts at SunTrust reiterated a “neutral” rating on shares of Goldman Sachs in a research note on Friday, April 25th. They now have a $176.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs in a research note on Monday, April 21st. They now have a $165.00 price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Goldman Sachs in a research note on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $173.66.
Goldman Sachs (NYSE:GS) traded up 2.22% on Friday, hitting $166.19. 3,457,819 shares of the company’s stock traded hands. Goldman Sachs has a 52 week low of $148.71 and a 52 week high of $181.13. The stock has a 50-day moving average of $159.0 and a 200-day moving average of $165.6. The company has a market cap of $77.245 billion and a P/E ratio of 10.71.
Goldman Sachs (NYSE:GS) last issued its quarterly earnings data on Thursday, April 17th. The company reported $4.02 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $4.29 earnings per share. Goldman Sachs’s revenue was down 7.5% compared to the same quarter last year. On average, analysts predict that Goldman Sachs will post $15.69 earnings per share 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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