Goldman Sachs Group, Inc. [GS] stock prices are up 0.71% to $446.95 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GS shares have gain 4.68% over the last week, with a monthly amount glided 8.82%, 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.
The stock price of Goldman Sachs Group, Inc. [GS] has been fluctuating between $289.36 and $447.42 over the past year. Currently, Wall Street analysts expect the stock to reach $434.83 within the next 12 months. Goldman Sachs Group, Inc. [NYSE: GS] shares were valued at $446.95 at the most recent close of the market. An investor can expect a potential drop of -2.71% based on the average GS price forecast.
Analyzing the GS fundamentals
The Goldman Sachs Group, Inc. [NYSE:GS] reported sales of 116.71B for trailing twelve months, representing a surge of 26.08%. Gross Profit Margin for this corporation currently stands at 0.53% 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 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.58.
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 443.33 points at the first support level, and at 439.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 449.30, and for the 2nd resistance point, it is at 451.64.
Goldman Sachs Group, Inc. [GS] reported earnings per share of $11.58 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $8.56/share, meaning a difference of $3.02 and a surprise factor of 35.30%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $5.48 per share as compared to estimates of $3.51 per share, a difference of $1.97 representing a surprise of 56.10%.
Ratios To Look Out For
It’s worth pointing out that Goldman Sachs Group, Inc. [NYSE:GS]’s Current Ratio is 1.12. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 17.45.
Transactions by insiders
Recent insider trading involved VINIAR DAVID A, Director, that happened on Apr 29 ’24 when 5000.0 shares were sold. Chief Financial Officer, COLEMAN DENIS P. completed a deal on Feb 23 ’24 to sell 12680.0 shares. Meanwhile, Global Treasurer BERLINSKI PHILIP R. sold 11650.0 shares on Feb 22 ’24.
