Goldman Sachs Research Coverage Started at MKM Partners (GS)
Stock analysts at MKM Partners began coverage on shares of Goldman Sachs (NYSE:GS) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $213.00 price target on the stock. MKM Partners’ price objective points to a potential upside of 19.75% from the stock’s previous close.
A number of other analysts have also recently weighed in on GS. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Goldman Sachs in a research note on Thursday, July 17th. They now have a $180.00 price target on the stock. Separately, analysts at Macquarie reiterated a “neutral” rating on shares of Goldman Sachs in a research note on Wednesday, July 16th. They now have a $180.00 price target on the stock, up previously from $175.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Goldman Sachs in a research note on Wednesday, July 16th. They now have a $150.00 price target on the stock, up previously from $148.00. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $182.91.
Shares of Goldman Sachs (NYSE:GS) opened at 177.87 on Tuesday. Goldman Sachs has a one year low of $151.33 and a one year high of $181.13. The stock’s 50-day moving average is $171. and its 200-day moving average is $165.4. The company has a market cap of $81.429 billion and a price-to-earnings ratio of 11.26.
Goldman Sachs (NYSE:GS) last announced its earnings results on Tuesday, July 15th. The company reported $4.10 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $3.70 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that Goldman Sachs will post $16.53 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 29th. Investors of record on Friday, August 29th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Wednesday, August 27th.
In other Goldman Sachs news, EVP John F.W. Rogers sold 86,692 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $175.00, for a total transaction of $15,171,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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