At the time of writing, Goldman Sachs Group, Inc. [GS] stock is trading at $404.00, up 0.22%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GS shares have gain 3.73% over the last week, with a monthly amount glided 1.90%, 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 April 16, 2024, when Argus upgraded its rating to a Buy but kept the price target unchanged to $465 for it. Previously, Daiwa Securities upgraded its rating to Outperform on March 14, 2024, and elevated its price target to $430. On February 27, 2024, Edward Jones initiated with a Buy rating. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $449 on January 30, 2024. BMO Capital Markets reiterated its recommendation of a Market Perform and raised its price target to $360 on January 18, 2024. BMO Capital Markets downgraded its rating to Market Perform for this stock on January 10, 2024, and downed its price target to $357. In a note dated September 07, 2023, HSBC Securities initiated an Buy rating and provided a target price of $403 on this stock.
For the past year, the stock price of Goldman Sachs Group, Inc. fluctuated between $289.36 and $419.20. Currently, Wall Street analysts expect the stock to reach $429.13 within the next 12 months. Goldman Sachs Group, Inc. [NYSE: GS] shares were valued at $404.00 at the most recent close of the market. An investor can expect a potential return of 6.22% based on the average GS price forecast.
Analyzing the GS fundamentals
According to Goldman Sachs Group, Inc. [NYSE:GS], the company’s sales were 116.77B for trailing twelve months, which represents an 26.32% jump. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.6.
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 402.01 points at the first support level, and at 400.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 407.00, and for the 2nd resistance point, it is at 409.99.
Ratios To Look Out For
It is important to note that Goldman Sachs Group, Inc. [NYSE:GS] has a current ratio of 1.50. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 15.77.
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.
