At the time of writing, Goldman Sachs Group, Inc. [GS] stock is trading at $491.14, down -1.38%. 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 1.35% over the last week, with a monthly amount drifted -3.29%, and not 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 $459.33 within the next 12 months. Goldman Sachs Group, Inc. [NYSE: GS] shares were valued at $491.14 at the most recent close of the market. An investor can expect a potential drop of -6.48% 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 0.1 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.33.
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 487.02 points at the first support level, and at 482.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 498.63, and for the 2nd resistance point, it is at 506.12.
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 1.28, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 15.77.
Transactions by insiders
Recent insider trading involved SOLOMON DAVID M, Chairman of the Board and CEO, that happened on Aug 15 ’24 when 6000.0 shares were sold. Managing Director, SOLOMON DAVID M completed a deal on Aug 15 ’24 to buy 6000.0 shares. Meanwhile, Director Montag Thomas K. sold 10000.0 shares on Jul 16 ’24.
