Currently, Goldman Sachs Group, Inc. [GS] is trading at $413.71, up 4.35%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GS shares have gain 6.46% over the last week, with a monthly amount glided 6.55%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Goldman Sachs Group, Inc. [NYSE: GS] stock has seen the most recent analyst activity on March 14, 2024, when Daiwa Securities upgraded its rating to a Outperform and also boosted its price target to $430 from $410. On January 30, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $449 on the stock. BMO Capital Markets reiterated its Market Perform rating and increased its price target to $360 on January 18, 2024. BMO Capital Markets downgraded its rating to a Market Perform and reduced its price target to $357 on January 10, 2024. HSBC Securities started tracking with a Buy rating for this stock on September 07, 2023, and assigned it a price target of $403. In a note dated August 01, 2023, Atlantic Equities upgraded an Neutral rating on this stock and boosted its target price from $330 to $351.
This stock has fluctuated between a low of $289.36 and a high of $397.49 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $420.2 within the next 12 months. Goldman Sachs Group, Inc. [NYSE: GS] shares were valued at $413.71 at the most recent close of the market. An investor can expect a potential return of 1.57% based on the average GS price forecast.
Analyzing the GS fundamentals
Trailing Twelve Months sales for Goldman Sachs Group, Inc. [NYSE:GS] were 110.07B which represents 23.74% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.52%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.07 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 403.86 points at the first support level, and at 394.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 418.79, and for the 2nd resistance point, it is at 423.88.
Goldman Sachs Group, Inc. [GS] reported earnings per share of $5.48 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.51/share, meaning a difference of $1.97 and a surprise factor of 56.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $5.47 per share as compared to estimates of $5.31 per share, a difference of $0.16 representing a surprise of 3.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Goldman Sachs Group, Inc. [NYSE:GS] is 0.87. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 1.27 and price to earnings (TTM) ratio is 18.13.
Transactions by insiders
Recent insider trading involved COLEMAN DENIS P., Chief Financial Officer, that happened on Feb 23 ’24 when 12680.0 shares were sold. Global Treasurer, BERLINSKI PHILIP R. completed a deal on Feb 22 ’24 to sell 11650.0 shares. Meanwhile, Chief Legal Officer, GC Ruemmler Kathryn H. sold 7277.0 shares on Jan 23 ’24.
