[at Seeking Alpha] – Over the past year, shares of Goldman Sachs Group Inc ( GS ) have outperformed the Dow Jones Industrial Average by a nice margin. However, GS has lagged well behind the Dow’s best performing stock in 2013, …
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The Goldman Sachs Group, Inc. (GS), with a current market cap of $80.55B, began trading this morning at $176.60.
Today, shares have traded between $175.18 and $176.76 per share and has traded between $124.57 and $176.76 over the past year.
GS shares are currently priced at 11.66x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 19.54x earnings multiple for the same period.
And for passive income investors, the company pays shareholders $2.20 per share annually in dividends, yielding 1.20%.
According to a consensus of 24 analysts, the earnings estimate of $4.19 per share would be $1.41 worse than the year-ago quarter and a $0.39 sequential decrease. The full-year EPS estimate is $15.11, which would be a $0.98 better than last year.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.58 Billion. If realized, that would be a 17.97% decrease over the year-ago quarter.
In terms of ratings, Deutsche Bank upgraded GS from Hold to Buy (Oct 24, 2013). Previously, UBS downgraded GS from Buy to Neutral.
With the above information in mind, readers should note that the average price target is $169.79, which is 3.86% below where the stock opened this morning.
The Goldman Sachs Group Inc.(NYSE:GS), provides investment banking, securities and investment management services, as well as financial services to corporations, financial institutions, governments and high-net-worth individuals worldwide.
Tag Helper ~ Stock Code: GS | Common Company name: Goldman Sachs | Full Company name: The Goldman Sachs Group Inc.(NYSE:GS) .