Goldman Sachs Group (NYSE:GS)‘s stock had its “buy” rating restated by TheStreet in a research note issued on Thursday, Analyst Ratings.Net reports.
The analysts wrote, “Goldman Sachs Group (GS) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of Goldman Sachs Group (NYSE:GS) opened at 168.70 on Thursday. Goldman Sachs Group has a one year low of $115.62 and a one 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 $77.349 billion and a price-to-earnings ratio of 10.22.
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. Analysts expect that Goldman Sachs Group will post $14.93 EPS for the current fiscal year.
In other Goldman Sachs Group news, EVP Edith Cooper sold 11,587 shares of the stock on the open market in a transaction dated Friday, November 29th. The shares were sold at an average price of $169.74, for a total transaction of $1,966,777.38. Following the transaction, the executive vice president now directly owns 45,662 shares of the company’s stock, valued at approximately $7,750,668. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on GS. Analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs Group in a research note to investors on Wednesday. They now have a $176.00 price target on the stock. Separately, analysts at Guggenheim reiterated a “neutral” rating on shares of Goldman Sachs Group in a research note to investors on Tuesday. They now have a $190.00 price target on the stock, up previously from $183.00. Finally, analysts at Deutsche Bank upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note to investors on Thursday, October 24th. They now have a $181.00 price target on the stock, up previously from $163.00. Seventeen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $164.30.
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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