TheStreet Cuts Goldman Sachs to Hold (GS)
A number of other analysts have also recently weighed in on GS. Analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs in a research note to investors on Wednesday, April 18th. They now have a $123.00 price target on the stock. Separately, analysts at UBS AG (NYSE: UBS) raised their EPS on shares of Goldman Sachs in a research note to investors on Wednesday, April 18th. They now have a “buy” rating and a $150.00 price target on the stock. Finally, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Goldman Sachs from $125.00 to $135.00 in a research note to investors on Wednesday, April 18th. They now have an “equal weight” rating on the stock.
Shares of Goldman Sachs traded down 1.51% during mid-day trading on Tuesday, hitting $107.72. Goldman Sachs has a 52 week low of $84.27 and a 52 week high of $150.00. The company has a market cap of $54.916 billion and a P/E ratio of 16.17.
Goldman Sachs last announced its earnings results on Tuesday, April 17th. The company reported $3.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.53 by $0.39. The company’s quarterly revenue was down 16.4% on a year-over-year basis. On average, analysts predict that Goldman Sachs will post $2.41 earnings per share next quarter.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.