Jefferies lifts The Goldman Sachs Group Inc. [GS] price estimate. Who else is bullish?

The Goldman Sachs Group Inc. [NYSE: GS] traded at a low on 06/16/21, posting a -0.08 loss after which it closed the day’ session at $371.00. The company report on June 9, 2021 that Goldman Sachs Survey of Small Business Owners Highlights Hurdles on the Road to Recovery.

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While 71 percent of small businesses are hiring, 81 percent of those businesses report difficulty recruiting qualified candidates as operating costs continue to rise.

A new national survey of small business owners from Goldman Sachs 10,000 Small Businesses Voices shows that small businesses across America are open for business but hitting roadblocks at every turn. While small business owners express optimism about the future, they face difficulties hiring employees and maintaining payroll as operating costs increase. Long-term access to capital and inflation are also pressing concerns for Main Street businesses.

The results of the trading session contributed to over 3208758 shares changing hands. Over the past one week, the price volatility of The Goldman Sachs Group Inc. stands at 2.46% while the volatility over the past one month is 1.96%.

The market cap for GS stock reached $124.68 billion, with 356.60 million shares outstanding and 337.84 million shares in the current float. Compared to the average trading volume of 2.87M shares, GS reached a trading volume of 3208758 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $394.06 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.

Jefferies have made an estimate for The Goldman Sachs Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 09, 2021. While these analysts kept the previous recommendation, UBS raised their target price from $320 to $340. The new note on the price target was released on April 01, 2021, representing the official price target for The Goldman Sachs Group Inc. stock. Previously, the target price had yet another raise to $300, while Daiwa Securities analysts kept a Outperform rating on GS stock.

The Average True Range (ATR) for The Goldman Sachs Group Inc. is set at 8.28, with the Price to Sales ratio for GS stock in the period of the last 12 months amounting to 2.06. The Price to Book ratio for the last quarter was 1.50, with the Price to Cash per share for the same quarter was set at 568.80. Price to Free Cash Flow for GS in the course of the last twelve months was 4.53.

How has GS stock performed recently?

The Goldman Sachs Group Inc. [GS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.08. With this latest performance, GS shares gained by 0.47% in over the last four-week period, additionally plugging by 56.02% over the last 6 months – not to mention a rise of 77.01% 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 50.20, with the RSI for the last a single of trading hit 43.58, and the three-weeks RSI is set at 53.71 for The Goldman Sachs Group Inc. [GS]. The present Moving Average for the last 50 days of trading for this stock 358.40, while it was recorded at 373.44 for the last single week of trading, and 282.64 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 +30.06. The Goldman Sachs Group Inc.’s Net Margin is presently recorded at +17.89.

Return on Total Capital for GS is now 3.05, given the latest momentum, and Return on Invested Capital for the company is 2.98. Return on Equity for this stock inclined to 10.16, 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 461.35. Additionally, GS Total Debt to Total Capital is recorded at 82.19, with Total Debt to Total Assets ending up at 38.05. Long-Term Debt to Equity for the company is recorded at 269.04, with the Long-Term Debt to Total Capital now at 42.33.

Reflecting on the efficiency of the workforce at the company, The Goldman Sachs Group Inc. [GS] managed to generate an average of $233,556 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 0.53/share EPS, while the average EPS was predicted by analysts to be reported at 3.78/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -86.00%. 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 16.80%.

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

There are presently around $91,798 million, or 73.60% of GS stock, in the hands of institutional investors. The top three institutional holders of GS stocks are: VANGUARD GROUP INC with ownership of 26,105,591, which is approximately 1.779% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 21,489,406 shares of the stock with an approximate value of $7.97 billion in GS stocks shares; and STATE STREET CORP, currently with $7.8 billion in GS stock with ownership of nearly 5.917% of the company’s market capitalization.

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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 836 institutional holders increased their position in The Goldman Sachs Group Inc. [NYSE:GS] by around 18,973,524 shares. Additionally, 680 investors decreased positions by around 15,838,862 shares, while 228 investors held positions by with 212,621,253 shares. The mentioned changes placed institutional holdings at 247,433,639 shares, according to the latest SEC report filing. GS stock had 216 new institutional investments in for a total of 3,129,412 shares, while 92 institutional investors sold positions of 1,677,618 shares during the same period.

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