Somewhat Favorable Media Coverage Somewhat Likely to Impact Goldman Sachs Group (GS) Stock Price
News coverage about Goldman Sachs Group (NYSE:GS) has trended somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Goldman Sachs Group earned a daily sentiment score of 0.94 on their scale. InfoTrie also gave media headlines about the investment management company an news buzz score of 6 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Goldman Sachs Group’s analysis:
- ULTA Stock Slides on Weaker-Than-Expected Q4 Guidance (investorplace.com)
- Market sell-off may be healthy, says Bill Cohan (finance.yahoo.com)
- Lululemon Earnings: LULU Stock Slides on Underwhelming Q4 Guidance (investorplace.com)
- Celerant Technology Ranks The LeaderBoard as a Top 5 Retail Software Provider for 10th Year (prweb.com)
- Hulu Pause Ads Are Coming to You in 2019 (investorplace.com)
A number of equities research analysts have recently weighed in on GS shares. Bank of America downgraded Goldman Sachs Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $280.00 to $225.00 in a report on Friday, November 30th. Morgan Stanley downgraded Goldman Sachs Group from an “overweight” rating to an “equal weight” rating and set a $226.00 price target for the company. in a report on Wednesday, November 21st. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $285.00 price target on shares of Goldman Sachs Group in a report on Monday, September 10th. Zacks Investment Research downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 14th. Finally, ValuEngine downgraded Goldman Sachs Group from a “sell” rating to a “strong sell” rating in a report on Thursday, November 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. Goldman Sachs Group has an average rating of “Hold” and an average price target of $273.27.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 EPS for the quarter, topping the Zacks’ consensus estimate of $5.38 by $0.90. The firm had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.43 billion. Goldman Sachs Group had a return on equity of 14.10% and a net margin of 16.68%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $5.02 EPS. On average, equities analysts forecast that Goldman Sachs Group will post 25.33 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, November 29th. This represents a $3.20 dividend on an annualized basis and a yield of 1.74%. Goldman Sachs Group’s payout ratio is currently 16.19%.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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