The Goldman Sachs Group Inc. (NYSE:GS) finished Thursday with an addition of $2.57 to close at $390.62, an upside of 0.66 percent. An average of 2,449,180 shares of common stock have been traded in the last five days. There was a gain of $12.59 in the past week. The last 20 days have seen an average of 2,636,325 shares traded, while the 50-day average volume stands at 2,280,638.
GS stock has decreased by -3.55% in the last month. The company shares reached their 1-month lowest point of $372.50 on 09/20/21. With the stock rallying to its 52-week high on 08/30/21, shares of the company touched a low of $185.52 and a high of $420.76 in 52 weeks. In spite of this, the price is down -7.16% from the 52-week high.
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The Goldman Sachs Group Inc. (GS) has a trailing price-to-earnings (P/E) ratio of 7.14, which compares with the 25.70 for the broader industry and 12.83 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, The Goldman Sachs Group Inc.’s PE ratio has ranged between 31.75 and 6.427. The stock’s beta is 1.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.12, the price-to-book (PB) ratio at 1.48, and the price-to-cash flow ratio at 2.21.
The Goldman Sachs Group Inc. pays a $8.00 dividend per share annually. It offers a dividend yield of 2.05%. The company has a payout ratio of 9.00%. The company’s most recent quarterly dividend payment took place on Sep. 29, and it was $2.00 a share, representing a up of 37.5 from $1.25 last year. Its dividend has been increased for the last 1 consecutive years with the latest increase dividend $0.75 reported on Wednesday July 14 2021. Dividends have grown by 72.41% each year over the last three years.
The Goldman Sachs Group Inc. will next go ex-dividend on 1-Dec. The next dividend payment The Goldman Sachs Group Inc. will make is expected to be $1.733.
Further, the company has a long term debt to equity ratio of 2.71 and a total debt to equity ratio of 8.89 For the recent quarter ending June 29. Its gross profit as reported stood at $12.48 billion compared to revenue of $44.56 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, The Goldman Sachs Group Inc.’s return on assets was 1.60%, compared to 0.8% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been 22.60% and the 5-year average holds at 9.7%. For the broader industry, ROE averaged 13.50 over the past year.
The analyst consensus anticipated The Goldman Sachs Group Inc.’s latest quarter earnings to come in at $10.24 per share, but it turned out to be $15.02, a 46.70% surprise. For the recent quarter, EBITDA amounted to $7.36 billion. At the end of the quarter ending June 29, The Goldman Sachs Group Inc.’s stock balance sheet showed total debt was $569.14 billion. Shareholders own equity worth $337.1 million.
From a technical analysis perspective, let’s take a brief look at The Goldman Sachs Group Inc. (GS) price momentum. RSI 9-day as of the close on 07 October was 52.07%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.73%.
As of today, GS’s price is $383.73 +3.33% or $12.59 from its 5-day moving average. GS is currently trading -3.45% lower than its 20-day SMA and +5.79% higher than its 100-day SMA. However, the stock’s current price level is +4.38% above the SMA50 and +52.00% above the SMA200.
The stochastic %K and %D were 48.65% and 33.47%, respectively, and the average true range (ATR) was 10.39. With the 14-day stochastic at 57.14% and the average true range at 9.89, the RSI (14) stands at 49.54%. The stock has reached 2.51 on the 9-day MACD Oscillator while the 14-day reading was at 2.95.
JMP Securities reiterated its a Mkt outperform rating on The Goldman Sachs Group Inc. (NYSE: GS), but raised their price target to $440, indicating a potential price increase of 12.64% for the stock.The consensus rating for The Goldman Sachs Group Inc. (GS) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GS, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 17 others rate it as a “buy”.
What is GS’s price target for the next 12 months?
Analysts predict a range of price targets between $330.00 and $520.00, with a median target of $435.00. Taking a look at these predictions, the average price target given by analysts for The Goldman Sachs Group Inc. (GS) stock is $429.70.