Guggenheim reaffirmed their neutral rating on shares of Goldman Sachs Group (NYSE:GS) in a research note issued to investors on Tuesday, AmericanBankingNews.com reports. The firm currently has a $190.00 price target on the stock, up from their previous price target of $183.00.
“Until short-term interest rates are expected to rise soon or regulators loosen their grip on excess capital, we believe investors should begin to be more selectively focused on banks with the potential for earnings momentum and a relative discount in valuation.,” Guggenheim’s analyst wrote.
Shares of Goldman Sachs Group (NYSE:GS) opened at 168.05 on Tuesday. Goldman Sachs Group has a 1-year low of $115.62 and a 1-year high of $171.58. The stock has a 50-day moving average of $163.3 and a 200-day moving average of $161.0. The company has a market cap of $77.051 billion and a P/E ratio of 10.18.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Thursday, October 17th. The company reported $2.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.88. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $7.36 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The company’s revenue for the quarter was down 19.5% on a year-over-year basis. On average, analysts predict that Goldman Sachs Group will post $14.88 earnings per share for the current fiscal year.
In other Goldman Sachs Group news, EVP Edith W. Cooper sold 11,587 shares of the company’s stock on the open market in a transaction dated Friday, November 29th. The stock was sold at an average price of $169.74, for a total value of $1,966,777.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
GS has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a buy rating on shares of Goldman Sachs Group in a research note to investors on Monday, November 25th. Seventeen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Goldman Sachs Group has a consensus rating of Hold and a consensus price target of $163.80.
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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