At the time of writing, Goldman Sachs Group, Inc. [GS] stock is trading at $485.77, up 2.70%. An important factor to consider is whether the stock is rising or falling in short-term value. The GS shares have lost -2.87% over the last week, with a monthly amount glided 1.44%, 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 July 02, 2024, when Seaport Research Partners downgraded its rating to a Neutral. Previously, Argus upgraded its rating to Buy on April 16, 2024, and kept the price target unchanged to $465. On March 14, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $430 on the stock. Edward Jones started tracking the stock assigning a Buy rating. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $449 on January 30, 2024. BMO Capital Markets reiterated a Market Perform rating for this stock on January 18, 2024, and upped its price target to $360. In a note dated January 10, 2024, BMO Capital Markets downgraded an Market Perform rating on this stock and revised its target price from $421 to $357.
For the past year, the stock price of Goldman Sachs Group, Inc. fluctuated between $289.36 and $517.26. Currently, Wall Street analysts expect the stock to reach $450.33 within the next 12 months. Goldman Sachs Group, Inc. [NYSE: GS] shares were valued at $485.77 at the most recent close of the market. An investor can expect a potential drop of -7.3% based on the average GS price forecast.
Analyzing the GS fundamentals
According to Goldman Sachs Group, Inc. [NYSE:GS], the company’s sales were 121.38B for trailing twelve months, which represents an 17.55% jump. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 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 5.33.
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 479.38 points at the first support level, and at 472.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 489.95, and for the 2nd resistance point, it is at 494.12.
Ratios To Look Out For
It is important to note that Goldman Sachs Group, Inc. [NYSE:GS] has a current ratio of 1.17. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 1.44 and price to earnings (TTM) ratio is 15.60.
Transactions by insiders
Recent insider trading involved Montag Thomas K., Director, that happened on Jul 16 ’24 when 10000.0 shares were sold. Director, VINIAR DAVID A completed a deal on Jul 16 ’24 to sell 5000.0 shares. Meanwhile, Chief Risk Officer LEE BRIAN J sold 3500.0 shares on Jul 16 ’24.
