The Goldman Sachs Group (NYSE:GS) Target Raised by BMO Capital Markets to $451.00

The Goldman Sachs Group stock has undergone multiple analysts rating changes in the recent past.  The Goldman Sachs Group stock Target Raised by BMO Capital Markets on 10/18/2021. In a note to investors, the firm issued a new target price of $451.00. The analysts previously had $432.00 target price. BMO Capital Markets’s price target would indicate a potential upside of 11.06% from the stock’s previous close.

Shares of The Goldman Sachs Group traded up $5.60 on friday, reaching $411.78. 48793 shares of the stock traded hands, compared to its average volume of 2575723. On friday, Shares of The Goldman Sachs Group closed at $411.78. The firm’s 50 day moving average is $398.73 and its 200 day moving average is $355.29.The Goldman Sachs Group  has a 12 month low of $185.52 and a 12 month high of $420.76. While on yearly highs and lows, The Goldman Sachs Group today has traded high as $412.10 and has touched $407.80 on the downward trend.

The Goldman Sachs Group Earnings and What to expect: 

The Goldman Sachs Group last issued its quarterly earnings results on October 14th, 2021. The investment management company reported $14.93 earnings per share for the quarter, topping the consensus estimate of $9.78 by $5.15. The company earned $13.61 billion during the quarter, compared to analyst estimates of $11.61 billion. Its revenue was up 26.2% compared to the same quarter last year. The Goldman Sachs Group has generated $34.25 earnings per share over the last year ($55.38 diluted earnings per share) and currently has a price-to-earnings ratio of 7.3. Earnings for The Goldman Sachs Group are expected to decrease by -30.48% in the coming year, from $52.72 to $36.65 per share. The Goldman Sachs Group has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, January 18th, 2022 based off prior year’s report dates.

Earnings for The Goldman Sachs Group are expected to decrease by -30.48% in the coming year, from $52.72 to $36.65 per share. The P/E ratio of The Goldman Sachs Group is 7.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.08. The P/E ratio of The Goldman Sachs Group is 7.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 12.60. The Goldman Sachs Group has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

The Goldman Sachs Group (NYSE:GS) Moving Average Technical Analysis

5 day Moving Average is $$391.07 And 5 day price change is $13.26 (3.38%)  with average volume for 5 day average is 3,220,060. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $387.06 and 20 day price change is $14.61 (3.73%) and average 20 day moving volume is 2,666,205. 50 day moving average is $398.73  and 50 day price change is $21.77 ( 5.66%)  and with average volume for 50 days is : 2,437,710. 200 day moving average is $355.29  and 200 day price change is $146.62 (56.51%)  and with average volume for 200 days is : 2,819,838.

Other owners latest trading in The Goldman Sachs Group :

  • On 10/18/2021 shares held by NBT Bank N A NY were 7,733 which equates to market value of $2.92M and appx 0.40% owners of The Goldman Sachs Group
  • On 10/18/2021 shares held by Moser Wealth Advisors LLC were 1,220 which equates to market value of $0.46M and appx 0.30% owners of The Goldman Sachs Group
  • On 10/15/2021 shares held by AdvisorNet Financial Inc were 1,253 which equates to market value of $0.47M and appx 0.00% owners of The Goldman Sachs Group
  • In total Institutional ownership equates to Institutional Ownership Percentage: 70.82% for The Goldman Sachs Group

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