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Goldman Sachs (NYSE:GS) was downgraded by equities researchers at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at Bernstein downgraded shares of Goldman Sachs from an “outperform” rating to a “market perform” rating in a research note on Monday. Separately, analysts at Nomura reiterated a “positive” rating on shares of Goldman Sachs in a research note on Tuesday, June 17th. Finally, analysts at Buckingham Research upgraded shares of Goldman Sachs to a “buy” rating in a research note on Thursday, June 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Goldman Sachs has a consensus rating of “Hold” and an average target price of $174.41.

Shares of Goldman Sachs (NYSE:GS) traded up 0.40% on Monday, hitting $167.44. The stock had a trading volume of 1,885,109 shares. Goldman Sachs has a 1-year low of $149.28 and a 1-year high of $181.13. The stock has a 50-day moving average of $163.2 and a 200-day moving average of $165.6. The company has a market cap of $77.826 billion and a price-to-earnings ratio of 10.99.

Goldman Sachs (NYSE:GS) last announced its earnings results 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 $15.49 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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