The Goldman Sachs Group, Inc. (NYSE:GS) Receives Average Rating of “Hold” from Analysts

Shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Free Report) have received an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $849.6111.

GS has been the topic of a number of research reports. UBS Group boosted their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $855.00 to $970.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Royal Bank Of Canada upped their price objective on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a research report on Friday, December 12th. Rothschild & Co Redburn increased their target price on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Daiwa Capital Markets boosted their price target on The Goldman Sachs Group from $823.00 to $927.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th.

Read Our Latest Stock Analysis on GS

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $932.49 on Thursday. The company has a market cap of $279.68 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 0.99 and a beta of 1.33. The business has a 50 day moving average price of $861.31 and a 200 day moving average price of $789.40. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The Goldman Sachs Group has a twelve month low of $439.38 and a twelve month high of $961.69.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same period in the previous year, the company earned $8.40 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

Institutional Trading of The Goldman Sachs Group

A number of institutional investors and hedge funds have recently modified their holdings of GS. Dagco Inc. acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at $25,000. Harbor Capital Advisors Inc. bought a new position in The Goldman Sachs Group in the third quarter valued at about $26,000. Dogwood Wealth Management LLC boosted its holdings in The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. First PREMIER Bank acquired a new stake in The Goldman Sachs Group in the third quarter worth about $28,000. Finally, Corundum Trust Company INC bought a new stake in The Goldman Sachs Group during the 3rd quarter worth about $29,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Company Profile

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

Further Reading

Analyst Recommendations for The Goldman Sachs Group (NYSE:GS)

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