Goldman Sachs Group, Inc. [GS] stock prices are up 1.41% to $524.50 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GS shares have lost -0.85% over the last week, with a monthly amount glided 6.79%, 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.
The stock price of Goldman Sachs Group, Inc. [GS] has been fluctuating between $289.36 and $540.51 over the past year. Currently, Wall Street analysts expect the stock to reach $477.63 within the next 12 months. Goldman Sachs Group, Inc. [NYSE: GS] shares were valued at $524.50 at the most recent close of the market. An investor can expect a potential drop of -8.94% based on the average GS price forecast.
Analyzing the GS fundamentals
The Goldman Sachs Group, Inc. [NYSE:GS] reported sales of 124.00B for trailing twelve months, representing a surge of 9.08%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.56.
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 520.13 points at the first support level, and at 515.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 526.93, and for the 2nd resistance point, it is at 529.37.
Ratios To Look Out For
It’s worth pointing out that Goldman Sachs Group, Inc. [NYSE:GS]’s Current Ratio is 1.48. Considering the valuation of this stock, the price to sales ratio is 1.34, the price to book ratio is 1.57 and price to earnings (TTM) ratio is 15.39.
Transactions by insiders
Recent insider trading involved LEE BRIAN J, Chief Risk Officer, that happened on Oct 17 ’24 when 2000.0 shares were sold. Chief Risk Officer, LEE BRIAN J completed a deal on Oct 17 ’24 to sell 2000.0 shares. Meanwhile, Lee 2011 Family Trust dtd 5/12 bought 2000.0 shares on Oct 17 ’24.
