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Stocks | Swing

Goldman Sachs Long

by SignalFactory   ·  October 12, 2020 | 13:26:20 UTC  
Stocks | Swing

Goldman Sachs Long

by SignalFactory   ·  October 12, 2020 | 13:26:20 UTC  

Goldman Sachs Group Inc (NYSE: GS) – Stock analysts at Oppenheimer raised their Q3 2020 earnings per share estimates for shares of Goldman Sachs Group in a research note issued to investors on Sunday, September 27th. Oppenheimer analyst C. Kotowski now forecasts that the investment management company will post earnings of $6.04 per share for the quarter, up from their prior forecast of $4.55. Oppenheimer also issued estimates for Goldman Sachs Group’s Q4 2020 earnings at $4.26 EPS, FY2020 earnings at $13.99 EPS, Q3 2021 earnings at $5.12 EPS, and Q4 2021 earnings at $6.17 EPS. Goldman Sachs Group (NYSE: GS) last issued its quarterly earnings data on Wednesday, July 15th. The investment management company reported $6.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.78 by $2.48. The company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $9.76 billion. Goldman Sachs Group had a net margin of 13.40% and a return on equity of 9.07%. Goldman Sachs Group’s revenue was up 40.5% compared to the same quarter last year. During the same period last year, the company posted $5.81 earnings per share.

Several other equities research analysts also recently weighed in on the stock. Credit Suisse Group raised their target price on shares of Goldman Sachs Group from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. DA Davidson raised their target price on shares of Goldman Sachs Group from $215.00 to $238.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Citigroup raised their target price on shares of Goldman Sachs Group from $265.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Seaport Global Securities assumed coverage on shares of Goldman Sachs Group in a research note on Wednesday, July 8th. They issued a “buy” rating and a $261.00 target price for the company. Finally, Royal Bank of Canada raised their target price on shares of Goldman Sachs Group from $200.00 to $225.00 and gave the company a “sector perform” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. Goldman Sachs Group currently has a consensus rating of “Buy” and an average target price of $245.67.

Goldman Sachs has a market cap of $67.71 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 6.86, and a beta of 1.42. Goldman Sachs Group has a twelve-month low of $130.85 and a twelve-month high of $250.46. The company has a quick ratio of 0.76, a current ratio of 0.76, and a debt-to-equity ratio of 2.82. The company has a 50-day moving average of $202.91 and a two-hundred day moving average of $191.35.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atria Investments LLC increased its stake in shares of Goldman Sachs Group by 30.2% during the second quarter. Atria Investments LLC now owns 6,803 shares of the investment management company’s stock worth $1,344,000 after purchasing an additional 1,576 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of Goldman Sachs Group by 119.8% during the second quarter. Schonfeld Strategic Advisors LLC now owns 29,450 shares of the investment management company’s stock worth $5,820,000 after purchasing an additional 16,050 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Goldman Sachs Group by 1.2% during the second quarter. Principal Financial Group Inc. now owns 450,929 shares of the investment management company’s stock worth $89,112,000 after purchasing an additional 5,529 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Goldman Sachs Group by 3.9% during the second quarter. Toronto Dominion Bank now owns 177,593 shares of the investment management company’s stock worth $35,096,000 after purchasing an additional 6,678 shares in the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Goldman Sachs Group by 20.4% during the second quarter. Neuberger Berman Group LLC now owns 582,048 shares of the investment management company’s stock worth $114,990,000 after purchasing an additional 98,661 shares in the last quarter. 68.70% of the stock is owned by institutional investors.

Goldman Sachs Long (Buy)

ENTER AT: 213.24

T.P_1: 223.32

T.P_2: 230.03

T.P_3: 244.14

T.P_4: 267.51

T.P_5: 307.09

T.P_6:335.00

S.L: 196.72

Goldman Sachs
Goldman Sachs
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