The Goldman Sachs Group Inc. (NYSE: GS) is -6.86% 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 $323.57 in the last trading session, with the day’s loss setting it -3.76% off its average median price target of $390.00 for the next 12 months. It is also 31.96% off the consensus price target high of $470.00 offered by 27 analysts, but current levels are 3.09% higher than the price target low of $330.00 for the same period.
Currently trading at $319.81, the stock is -2.55% and -1.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -1.16% at the moment leaves the stock -6.37% off its SMA200. GS registered 1.01% gain for a year compared to 6-month loss of -15.89%.
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The stock witnessed a -5.79% gain in the last 1 month and extending the period to 3 months gives it a -12.03%, and is -3.14% 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 1.51% over the week and 1.78% over the month.
The Goldman Sachs Group Inc. (GS) has around 45400 employees, a market worth around $107.44B and $79.77B in sales. Current P/E ratio is 11.39 and Fwd P/E is 8.36. Profit margin for the company is 12.60%. Distance from 52-week low is 15.11% and -17.91% 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”. 27 analysts offering their recommendations for the stock have an average rating of 2.30, where 9 rate it as a Hold and 2 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The Goldman Sachs Group Inc. is expected to release its quarterly report on 07/18/2023.The EPS is expected to shrink by -49.40% this year
The Goldman Sachs Group Inc. (GS) Top Institutional Holders
The shares outstanding are 346.60M, and float is at 331.57M with Short Float at 1.09%.
The Goldman Sachs Group Inc. (GS) Insider Activity
A total of 29 insider transactions have happened at The Goldman Sachs Group Inc. (GS) in the last six months, with sales accounting for 18 and purchases happening 11 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 24,819,473 shares of the company’s common stock on May 08 at a price of $21.61 per share for a total of $536.47 million. Following the sale, the insider now owns 0.11 million shares.
The Goldman Sachs Group Inc. disclosed in a document filed with the SEC on May 02 that LEE BRIAN J (Chief Risk Officer) sold a total of 3,000 shares of the company’s common stock. The trade occurred on May 02 and was made at $337.66 per share for $1.01 million. Following the transaction, the insider now directly holds 15052.0 shares of the GS stock.
Still, SEC filings show that on May 02, LEE BRIAN J (Chief Risk Officer) disposed off 3,000 shares at an average price of $337.63 for $1.01 million. The insider now directly holds 15,808 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 -21.66% down over the past 12 months and Wells Fargo & Company (WFC) that is -6.73% lower over the same period. Morgan Stanley (MS) is -1.32% down on the 1-year trading charts.