Home Analyst Ratings Barclays raises The Goldman Sachs Group Inc. ’s rating to Overweight and...

Barclays raises The Goldman Sachs Group Inc. [GS]’s rating to Overweight and price target to $362

Barclays took its The Goldman Sachs Group Inc. [NYSE:GS]‎‎ rating to the equivalent of Overweight from ‎Equal Weight, ‎and the price target to $362, ‎in a research note dated January 4, 2021. That figure ‎represents around a 37.27% premium ‎from ‎where the company’s shares closed on Thursday.‎ Other ‎analysts also revised their coverage, with Morgan Stanley’s analysts downgrading the shares ‎from “an ‎Equal-weight” rating to “an Underweight” rating in a research note to investors issued in ‎late ‎November. Meanwhile, UBS had raised its rating on GS to “Buy” from the earlier “Neutral”, in ‎a ‎research note produced for clients September 24, 2020. In addition, there was a new coverage ‎from ‎Seaport Global Securities on July 08, 2020. The research firm rated GS “a Buy”.

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Is The Goldman Sachs Group Inc. ‎‎[NYSE:GS] a Good Buy Right Now?

It should be noted that ‎GS technical indicators for short, ‎intermediate as well as long term progress have placed an overall ‎average of 100% as Buy. The average ‎signal changed from 100% Buy in the last week and compares ‎with 100% Buy in the past month. Data ‎from The Goldman Sachs Group Inc.’s Trend Spotter indicated ‎that the signals were Strengthening. The ‎stock current average is 2.64 million shares in the past 20 days ‎and the short term average signal ‎indicates a 100% Buy. In the last 50 days, the average trading volume ‎was 2.88 million shares while the ‎medium term average advocated for 100% Buy. The average long-‎term signal stands at 100% Buy and ‎the 100-day average volume stands at 3.12 million shares.‎‎


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GS Price Performance

On Wall ‎Street, The Goldman Sachs Group Inc. [NYSE:GS] finished ‎Thursday’s session up 1.64% at $263.71. The ‎stock went up to $263.93 at the same session while its ‎lowest single day price was $258.0001. In the last ‎five days, it saw a rise of about 2.83%, The Goldman ‎Sachs Group Inc. shares gained by almost 14.69% ‎since the beginning of the year. However, the share ‎price has dropped to as low as 0.40% below its ‎one year high. On 12/31/20, the company shares ‎recorded $263.93, the highest single-day price it has ‎got to in the last 52-weeks and a 52-week low was ‎seen on 03/19/20, the same year at $130.85. The ‎company’s shares have inclined by 12.54% in the past ‎year. The 50-day SMA achieved is $227.23 while ‎the 200-day SMA is $202.32. Volume gained to 2.04 ‎million from 1.57 million in the previous session.‎‎‎

The Goldman Sachs Group Inc. [GS] Valuation Measures

Notably, The Goldman ‎Sachs ‎Group Inc. [GS] stock can be classified as a good candidate in the listing of underestimated low-‎priced ‎Capital Markets companies to purchase soonest possible with the prevailing 12-month PE ratio ‎of ‎‎15.21. The measure means the stock is exchanging at a discount as compared to the 17.66x ‎trailing ‎earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, ‎more ‎specifically, a 1.64 PS value ratio is reported for the last one year of reported earnings. That is ‎lower ‎than the industry average of 3.63 which means GS serve an attractive investment ‎opportunity ‎compared to its competitors.‎‎

GS Stock Support And Resistance Levels

On the ‎‎24-hour scale, the immediate backing is ‎perceived around 259.83 level, and in case of violation of this ‎particular level, it will cause more drop to ‎‎255.95 level. On the upper level, 267.81 is still the key ‎resistance. The stock may increase to the ‎subsequent resistance at 265.76. The Relative Strength Index ‎‎(RSI) pinned on the 14-day chart is 71.75, ‎implying a overbought technical stance while the MACD ‎stands at 9.61, meaning price will increase in ‎the next trading period. Percent R indicator moved to ‎‎0.82%, implying bullish price movement. ‎Stochastic %K at 89.49% suggest selling the stock.‎‎

What is ‎the short interest in The Goldman Sachs Group Inc.?

Short interest in the The ‎Goldman Sachs ‎Group Inc. stock has plunged, decreasing by -0.67 million shares to total 3.99 million ‎shares on Dec 14, ‎‎2020. The interest had seen shares on Nov 12, 2020 stand at 3.32 million, data from ‎Yahoo Finance ‎shows. The increase of 16.79% suggests the stock saw some increased bearish ‎sentiment. The stock’s ‎days to cover (short ratio) moved to while the shorted shares account for just ‎‎1.16% of the overall ‎float for the stock.‎

The Goldman Sachs Group Inc.’s Biggest Shareholders: Who Owns The ‎Goldman Sachs Group Inc. ‎‎[GS]?

Filings by The Vanguard Group, Inc. showed that the firm now ‎holds a total of 24,409,774 ‎shares or roughly 7.09% of the outstanding GS shares. This means their ‎shares have increased by ‎‎651,323 from the 24,409,774 the investor reportedly held in its prior 13-F ‎filing. With the conclusion of ‎the purchase, SSgA Funds Management, Inc. updated stake is worth ‎‎$4,623,933,724. Details in the ‎latest 13F filings reveal that BlackRock Fund Advisors acquired their 6.93% ‎stake valued at ‎‎$3,401,053,386 while Massachusetts Financial Services added theirs at $3,010,339,496. ‎During the last ‎quarter, BlackRock Fund Advisors raised 955,539 of its shares in The Goldman Sachs ‎Group Inc. while ‎Massachusetts Financial Services bought 1,372,288 shares. The Dodge & Cox’s ‎holdings currently ‎number 9,558,435 shares at $2520654893.85. According to the firm’s last 13F report, ‎T. Rowe Price ‎Associates, Inc. shares in the company at filing stood at 8,325,077 shares, roughly ‎‎$1,919,596,255.‎‎

GS Earnings Forecast For The Current Quarter

The Goldman Sachs Group Inc. ‎‎[GS] is ‎expected to report strong earnings results for the quarter ending on Dec 2020. Consensus ‎estimates ‎give the company expected revenues of $9.48B and an earnings per share of $6.44 for Dec ‎‎2020. ‎Looking further ahead, the company is expected to report revenue of $10.04B at an EPS of $6.29 ‎for ‎Mar 2021. The estimates represent downside of -9.30% and 23.26% in the company’s revenue ‎and ‎earnings per share, respectively, on a year-on-year basis.‎‎

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GS Earnings Estimates For The Current ‎Year

For the financial ‎year, The Goldman Sachs Group Inc. [NYSE:GS] is expected to bring in ‎revenue of $42.21B. The returns ‎are nearly $5.66 billion higher than the company’s actual revenue ‎recorded in the fiscal year 2019. In ‎terms of EPS for the 2020, estimate put it at 19.89, lower than that ‎of FY19 by -$1.14. Estimates put this ‎year’s earnings growth at -5.40%, 23.20% for the next, and at an ‎annual 10.71% over the next 5-year ‎period. As for sales, forecasts are for an increase of 15.50% in the ‎current fiscal year and a further -‎‎9.30% over the following year.‎

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