Last Updated: 14 Sep 2024
Executive Summary
Goldman Sachs Group Inc. (GS) is a leading global financial services company with a market capitalization of $149.7 billion. The company has a strong financial performance with a trailing PE ratio of 15.2 and a forward PE ratio of 11.6. Analysts are bullish on the stock, with 4 strong buy ratings, 12 buy ratings, and 9 hold ratings. The stock's current price of $478.99 is above its 50-day moving average of $489.04 but below its 200-day moving average of $426.36.
Company Overview
Goldman Sachs Group Inc. is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting. It also provides investment banking to institutional investors.
Fundamental Analysis
Goldman Sachs Group Inc. has a strong financial performance. The company's revenue for the trailing twelve months was $488.9 billion, and its diluted EPS was $31.19. The company's profit margin is 0.23, and its operating margin is 0.331. The company's return on assets is 0.007, and its return on equity is 0.0949.
Technical Analysis
Goldman Sachs Group Inc.'s stock price is currently trading above its 50-day moving average but below its 200-day moving average. The stock's relative strength index (RSI) is 52.5, which indicates that the stock is neither overbought nor oversold. The stock's moving average convergence divergence (MACD) is -1.35, which indicates that the stock is in a downtrend.
Short Term Outlook
Goldman Sachs Group Inc.'s stock price is likely to continue to trade in a range between its 50-day moving average and its 200-day moving average. The stock's RSI and MACD indicators suggest that the stock is likely to continue to trend lower in the short term.
Long Term Outlook
Goldman Sachs Group Inc. is a well-established company with a strong financial performance. The company is likely to continue to benefit from the growth of the global economy. The stock's long-term outlook is positive.
Analyst Recommendations
Analysts are bullish on Goldman Sachs Group Inc. stock. The consensus analyst rating is a buy, and the average analyst target price is $469.63.
