Goldman Sachs Sets New 52-Week High at $182.07 (GS)
Goldman Sachs (NYSE:GS)’s share price reached a new 52-week high during trading on Wednesday , Stock Ratings Network reports. The company traded as high as $182.07 and last traded at $180.16, with a volume of 1,289,591 shares. The stock had previously closed at $179.77.
GS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs in a research note on Tuesday. They now have a $188.00 price target on the stock. Separately, analysts at MKM Partners initiated coverage on shares of Goldman Sachs in a research note on Tuesday, August 26th. They set a “buy” rating and a $213.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $183.74.
The stock has a 50-day moving average of $173.8 and a 200-day moving average of $166.0. The company has a market cap of $82.280 billion and a price-to-earnings ratio of 11.54.
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. On average, analysts predict that Goldman Sachs will post $16.54 earnings per share for the current fiscal year.
In other Goldman Sachs news, EVP Edith W. Cooper sold 7,071 shares of the stock on the open market in a transaction dated Thursday, August 28th. The stock was sold at an average price of $177.11, for a total value of $1,252,344.81. The sale was disclosed in a legal filing with the SEC, 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.
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.