Goldman Sachs Group, Inc. (The) (NYSE:GS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $273.00 target price on the investment management company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 13.84% from the company’s previous close.

According to Zacks, “Shares of Goldman underperformed the industry over the past six months. Yet, the company boasts an impressive earnings surprise history. It has surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. Goldman’s third-quarter 2017 results surpassed the Zacks Consensus Estimate. Results reflected higher revenues on continued momentum in investment banking business, partially offset by lower fixed-income trading activities and elevated expenses. Though several issues, including sluggish global economic growth and lower client activity levels, remain near-to-medium-term headwinds, we believe the company’s well-diversified business and its focus to capitalize on growth opportunities through strategic moves should continue to bolster the overall business.”

GS has been the subject of a number of other reports. Vertical Group downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Monday. Berenberg Bank reiterated a “sell” rating and issued a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, July 21st. Keefe, Bruyette & Woods downgraded shares of Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $260.00 to $240.00 in a report on Wednesday, July 19th. Oppenheimer Holdings, Inc. boosted their target price on shares of Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Finally, BidaskClub downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and an average target price of $245.06.

Goldman Sachs Group, Inc. (NYSE GS) traded down $3.68 during trading hours on Tuesday, reaching $239.81. 2,429,699 shares of the company were exchanged, compared to its average volume of 2,570,000. Goldman Sachs Group, Inc. has a 52 week low of $178.46 and a 52 week high of $255.15. The stock has a market capitalization of $90,310.00, a price-to-earnings ratio of 12.73, a PEG ratio of 1.24 and a beta of 1.48. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.70.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.32%. The company had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. During the same period in the prior year, the firm earned $4.88 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. sell-side analysts predict that Goldman Sachs Group, Inc. will post 19.03 EPS for the current fiscal year.

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In other Goldman Sachs Group, Inc. (The) news, insider Harvey M. Schwartz sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $245.00, for a total value of $6,125,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total value of $1,187,992.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,344 shares of company stock worth $9,125,608. Insiders own 2.57% of the company’s stock.

Several large investors have recently made changes to their positions in the company. 361 Capital LLC purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the 3rd quarter valued at approximately $524,000. Quantbot Technologies LP lifted its position in shares of Goldman Sachs Group, Inc. (The) by 14.7% during the 3rd quarter. Quantbot Technologies LP now owns 45,019 shares of the investment management company’s stock valued at $10,678,000 after buying an additional 5,782 shares in the last quarter. Davidson & Garrard Inc. purchased a new position in shares of Goldman Sachs Group, Inc. (The) during the 3rd quarter valued at approximately $203,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Goldman Sachs Group, Inc. (The) by 11.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,296 shares of the investment management company’s stock valued at $1,968,000 after buying an additional 833 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Goldman Sachs Group, Inc. (The) by 6.3% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,288 shares of the investment management company’s stock valued at $1,492,000 after buying an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 73.14% of the company’s stock.

About Goldman Sachs Group, Inc. (The)

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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