Weekly Investment Analysts’ Ratings Updates for Goldman Sachs Group, Inc. (The) (GS)

A number of firms have modified their ratings and price targets on shares of Goldman Sachs Group, Inc. (The) (NYSE: GS) recently:

  • 8/9/2017 – Goldman Sachs Group, Inc. (The) is now covered by analysts at Wells Fargo & Company. They set an “outperform” rating and a $265.00 price target on the stock.
  • 8/3/2017 – Goldman Sachs Group, Inc. (The) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/25/2017 – Goldman Sachs Group, Inc. (The) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/24/2017 – Goldman Sachs Group, Inc. (The) was downgraded by analysts at UBS AG from a “buy” rating to a “neutral” rating. They now have a $230.00 price target on the stock, up previously from $220.19. They wrote, “better opportunities” elsewhere.UBS’s Brennan Hawken downgrades Goldman Sachs’ stock rating from Buy to Neutral with a price target lowered from $255 to $230 due to expectations for continued weak earnings that will pressure shares. The analyst is forecasting a 10 percent ROE (return on equity) in 2017 for the bank but this is due to a 24 percent tax rate (versus a long-term average of 28 to 30 percent) along with a $1.7 billion recovery in I&L revenues. But normalizing the tax rate and reducing the I&L revenue to the analyst’s 2018 forecast would imply a ROE of just 9.3 percent for Goldman Sachs.Meanwhile, Goldman Sachs’ stock is trading at a level which implies an inflection in FICC (fixed income, currencies and commodities) revenue — something the analyst has “limited confidence in.” Also, the company would need to demonstrate a “substantial” recovery in trading revenue and it would take a “surprise event” such as Brexit or President Donald Trump’s election win to reverse recent weakness.Finally, the analyst raised his 2017 earnings per share estimate from $18.45 to $18.60 due to the company’s second-quarter earnings beat but more importantly his 2018 EPS estimate was lowered from $24.40 to $19.30. As such, a $230 price target implies a 12x multiple on Goldman Sachs’ stock, which is consistent with its current multiple.”Goldman continues to run a premium franchise but we have limited confidence in predicting when their trading revenues will recover,”
  • 7/21/2017 – Goldman Sachs Group, Inc. (The) had its “sell” rating reaffirmed by analysts at Berenberg Bank. They now have a $190.00 price target on the stock.
  • 7/19/2017 – Goldman Sachs Group, Inc. (The) was downgraded by analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating. They now have a $240.00 price target on the stock, down previously from $260.00.
  • 7/19/2017 – Goldman Sachs Group, Inc. (The) had its price target raised by analysts at Oppenheimer Holdings, Inc. from $251.00 to $256.00. They now have an “outperform” rating on the stock.
  • 7/11/2017 – Goldman Sachs Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Capital One Financial Corporation.
  • 7/10/2017 – Goldman Sachs Group, Inc. (The) had its “neutral” rating reaffirmed by analysts at Buckingham Research. They now have a $243.00 price target on the stock, up previously from $235.00.
  • 7/4/2017 – Goldman Sachs Group, Inc. (The) had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods.
  • 7/3/2017 – Goldman Sachs Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
  • 6/29/2017 – Goldman Sachs Group, Inc. (The) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/28/2017 – Goldman Sachs Group, Inc. (The) had its price target raised by analysts at Credit Suisse Group from $230.00 to $240.00. They now have an “outperform” rating on the stock.
  • 6/28/2017 – Goldman Sachs Group, Inc. (The) had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $225.00 price target on the stock.
  • 6/26/2017 – Goldman Sachs Group, Inc. (The) had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $260.00 price target on the stock.
  • 6/23/2017 – Goldman Sachs Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $240.00 price target on the stock.
  • 6/14/2017 – Goldman Sachs Group, Inc. (The) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $233.49 price target on the stock.
  • 6/13/2017 – Goldman Sachs Group, Inc. (The) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 6/12/2017 – Goldman Sachs Group, Inc. (The) had its “outperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded down 2.39% during mid-day trading on Thursday, reaching $225.50. 3,259,410 shares of the company’s stock were exchanged. Goldman Sachs Group, Inc. has a 52 week low of $157.77 and a 52 week high of $255.15. The stock has a market cap of $87.54 billion, a price-to-earnings ratio of 11.82 and a beta of 1.42. The stock has a 50 day moving average price of $224.84 and a 200 day moving average price of $229.82.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.56. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.47 billion. During the same period last year, the company earned $3.72 EPS. The firm’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts predict that Goldman Sachs Group, Inc. will post $18.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.33%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.74%.

In other news, insider David M. Solomon sold 3,260 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the transaction, the insider now directly owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Viniar sold 4,590 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $227.79, for a total value of $1,045,556.10. Following the completion of the transaction, the director now directly owns 854,925 shares in the company, valued at $194,743,365.75. The disclosure for this sale can be found here. Insiders sold a total of 25,535 shares of company stock worth $5,956,868 over the last ninety days. Corporate insiders own 2.57% of the company’s stock.

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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