Goldman Sachs PT Raised to $185.00 (GS)
Equities research analysts at Barclays upped their target price on shares of Goldman Sachs (NYSE:GS) from $170.00 to $185.00 in a research note issued to investors on Wednesday. Barclays’ price target indicates a potential upside of 9.36% from the stock’s previous close.
Goldman Sachs (NYSE:GS) traded up 1.03% on Wednesday, hitting $170.92. The stock had a trading volume of 874,372 shares. Goldman Sachs has a 52 week low of $151.33 and a 52 week high of $181.13. The stock’s 50-day moving average is $165.8 and its 200-day moving average is $165.0. The company has a market cap of $79.443 billion and a price-to-earnings ratio of 11.15. Goldman Sachs also was the target of unusually large options trading activity on Monday. Traders purchased 12,345 put options on the company. This is an increase of 188% compared to the average daily volume of 4,286 put options.
Goldman Sachs (NYSE:GS) last released its earnings data on Tuesday, July 15th. The company reported $4.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $3.09 by $1.01. The company had revenue of $9.13 billion for the quarter, compared to the consensus estimate of $7.98 billion. During the same quarter last year, the company posted $3.70 earnings per share. Goldman Sachs’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Goldman Sachs will post $15.75 earnings per share for the current fiscal year.
A number of other firms have also recently commented on GS. 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 analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $181.29.
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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