Thursday, January 21, 2021

The Goldman Sachs Group Inc. [GS] Stock trading around $220.81 per share: What’s Next?

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The Goldman Sachs Group Inc. [NYSE: GS] traded at a high on 06/08/20, posting a 1.33 gain after which it closed the day’ session at $220.81. The results of the trading session contributed to over 3251839 shares changing hands. Over the past one week, the price volatility of The Goldman Sachs Group Inc. stands at 2.58% while the volatility over the past one month is 3.24%.

The market cap for GS stock reached $79.05 billion, with 358.00 million shares outstanding and 341.71 million shares in the current float. Compared to the average trading volume of 4.49M shares, GS reached a trading volume of 3251839 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about The Goldman Sachs Group Inc. [GS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GS shares is $221.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GS stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for The Goldman Sachs Group Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on June 04, 2020. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $198 to $230. The new note on the price target was released on June 02, 2020, representing the official price target for The Goldman Sachs Group Inc. stock. Previously, the target price had yet another raise to $207, while Odeon analysts kept a Buy rating on GS stock. On May 15, 2020, analysts increased their price target for GS shares from 205 to 276.

The Average True Range (ATR) for The Goldman Sachs Group Inc. is set at 7.09, with the Price to Sales ratio for GS stock in the period of the last 12 months amounting to 1.47. The Price to Book ratio for the last quarter was 0.97, with the Price to Cash per share for the same quarter was set at 294.66. Price to Free Cash Flow for GS in the course of the last twelve months was 15.82.

How has GS stock performed recently?

The Goldman Sachs Group Inc. [GS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.44. With this latest performance, GS shares gained by 21.11% in over the last four-week period, additionally plugging by 1.69% over the last 6 months – not to mention a rise of 16.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GS stock in for the last two-week period is set at 71.06, with the RSI for the last a single of trading hit 75.99, and the three-weeks RSI is set at 65.26 for The Goldman Sachs Group Inc. [GS]. The present Moving Average for the last 50 days of trading for this stock 181.00, while it was recorded at 213.65 for the last single week of trading, and 206.32 for the last 200 days.

The Goldman Sachs Group Inc. [GS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Goldman Sachs Group Inc. [GS] shares currently have an operating margin of +20.95. The Goldman Sachs Group Inc.’s Net Margin is presently recorded at +15.00.

Return on Total Capital for GS is now 2.44, given the latest momentum, and Return on Invested Capital for the company is 2.66. Return on Equity for this stock inclined to 9.38, with Return on Assets sitting at 0.88. When it comes to the capital structure of this company, The Goldman Sachs Group Inc. [GS] has a Total Debt to Total Equity ratio set at 453.96. Additionally, GS Total Debt to Total Capital is recorded at 81.95, with Total Debt to Total Assets ending up at 41.27. Long-Term Debt to Equity for the company is recorded at 279.57, with the Long-Term Debt to Total Capital now at 44.20.

Reflecting on the efficiency of the workforce at the company, The Goldman Sachs Group Inc. [GS] managed to generate an average of $221,044 per employee.

Earnings analysis for The Goldman Sachs Group Inc. [GS]

With the latest financial reports released by the company, The Goldman Sachs Group Inc. posted 5.81/share EPS, while the average EPS was predicted by analysts to be reported at 4.89/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 18.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Goldman Sachs Group Inc. go to 4.39%.

Insider trade positions for The Goldman Sachs Group Inc. [GS]

There are presently around $51,705 million, or 74.50% of GS stock, in the hands of institutional investors. The top three institutional holders of GS stocks are: VANGUARD GROUP INC with ownership of 25,588,636, which is approximately 2.637% of the company’s market cap and around 0.40% of the total institutional ownership; STATE STREET CORP, holding 19,775,826 shares of the stock with an approximate value of $4.31 billion in GS stocks shares; and BLACKROCK INC., currently with $4.27 billion in GS stock with ownership of nearly -1.091% of the company’s market capitalization.

Positions in The Goldman Sachs Group Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 644 institutional holders increased their position in The Goldman Sachs Group Inc. [NYSE:GS] by around 23,970,617 shares. Additionally, 681 investors decreased positions by around 29,846,997 shares, while 159 investors held positions by with 183,450,109 shares. The mentioned changes placed institutional holdings at 237,267,723 shares, according to the latest SEC report filing. GS stock had 117 new institutional investments in for a total of 2,906,856 shares, while 220 institutional investors sold positions of 4,257,350 shares during the same period.

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