The Goldman Sachs Group Inc. (NYSE: GS) is -8.24% lower on its value in year-to-date trading and has touched a low of $277.84 and a high of $389.58 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GS stock was last observed hovering at around $312.19 in the last trading session, with the day’s gains setting it 2.9% off its average median price target of $410.00 for the next 12 months. It is also 36.35% off the consensus price target high of $495.00 offered by 25 analysts, but current levels are 4.52% higher than the price target low of $330.00 for the same period.
Currently trading at $315.09, the stock is -10.03% and -11.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.4 million and changing 0.93% at the moment leaves the stock -6.51% off its SMA200. GS registered -4.27% loss for a year compared to 6-month gain of -3.72%.
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The stock witnessed a -15.25% loss in the last 1 month and extending the period to 3 months gives it a -14.54%, and is -7.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.47% over the week and 2.44% over the month.
The Goldman Sachs Group Inc. (GS) has around 48500 employees, a market worth around $110.34B and $68.71B in sales. Current P/E ratio is 10.48 and Fwd P/E is 7.78. Profit margin for the company is 15.70%. Distance from 52-week low is 13.41% and -19.12% from its 52-week high. The company has generated returns on investments over the last 12 months (1.20%).
The Goldman Sachs Group Inc. (GS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for The Goldman Sachs Group Inc. (GS) is a “Overweight”. 25 analysts offering their recommendations for the stock have an average rating of 2.40, where 9 rate it as a Hold and 1 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to shrink by -49.40% this year
The Goldman Sachs Group Inc. (GS) Top Institutional Holders
The shares outstanding are 349.40M, and float is at 331.57M with Short Float at 1.32%.
The Goldman Sachs Group Inc. (GS) Insider Activity
A total of 24 insider transactions have happened at The Goldman Sachs Group Inc. (GS) in the last six months, with sales accounting for 17 and purchases happening 7 times. The most recent transaction is an insider sale by GOLDMAN SACHS GROUP INC, the company’s 10% Owner. SEC filings show that GOLDMAN SACHS GROUP INC sold 4,000,000 shares of the company’s common stock on Mar 14 at a price of $6.43 per share for a total of $25.72 million. Following the sale, the insider now owns 17.1 million shares.
The Goldman Sachs Group Inc. disclosed in a document filed with the SEC on Mar 06 that GOLDMAN SACHS GROUP INC (10% Owner) sold a total of 3,749 shares of the company’s common stock. The trade occurred on Mar 06 and was made at $10.58 per share for $39664.0. Following the transaction, the insider now directly holds 0.0 shares of the GS stock.
Still, SEC filings show that on Jan 23, GOLDMAN SACHS GROUP INC (10% Owner) acquired 1,481 shares at an average price of $8.51 for $12608.0. The insider now directly holds 15,779,507 shares of The Goldman Sachs Group Inc. (GS).
The Goldman Sachs Group Inc. (GS): Who are the competitors?
The company’s main competitors (and peers) include Bank of America Corporation (BAC) that is trading -30.19% down over the past 12 months and Wells Fargo & Company (WFC) that is -21.57% lower over the same period. Morgan Stanley (MS) is 0.79% up on the 1-year trading charts.
