Share on StockTwits

Goldman Sachs (NYSE:GS) saw unusually large options trading on Monday. Stock investors bought 12,345 put options on the stock, Analyst Ratings.Net reports. This is an increase of 188% compared to the average volume of 4,286 put options.

A number of analysts have recently weighed in on GS shares. Analysts at Sanford C. Bernstein downgraded shares of Goldman Sachs from an “outperform” rating to a “market perform” rating in a research note on Monday, June 30th. They now have a $180.00 price target on the stock, down previously from $205.00. Separately, analysts at Bernstein downgraded shares of Goldman Sachs from an “outperform” rating to a “market perform” rating in a research note on Monday, June 30th. Finally, analysts at Nomura reiterated a “positive” rating on shares of Goldman Sachs in a research note on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $179.79.

Goldman Sachs (NYSE:GS) traded up 1.33% during mid-day trading on Monday, hitting $167.00. The stock had a trading volume of 3,007,096 shares. Goldman Sachs has a 1-year low of $151.33 and a 1-year high of $181.13. The stock’s 50-day moving average is $165.5 and its 200-day moving average is $165.2. The company has a market cap of $77.621 billion and a price-to-earnings ratio of 10.86.

Goldman Sachs (NYSE:GS) last posted its quarterly earnings results 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 $15.28 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.

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.