[at Fox Business] – Goldman Sachs found itself in a bit of a debacle when it realized that a highly sensitive email was sent to a Gmail account by mistake. Google has since blocked the email from the unintended recipient, …
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The Goldman Sachs Group, Inc. (GS), with a current value of $78.76B, opened this morning at $167.83.
Looking at today’s trading action, the company’s one day range from $167.72 to $169.90 and has traded between $149.28 and $181.13 over the past year.
GS shares are currently priced at 10.80x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.83x earnings multiple.
And for dividend hunters, the company pays shareholders $2.20 per share annually in dividends, yielding 1.30%.
According to a consensus of 23 analysts, the earnings estimate of $3.11 per share would be $0.59 worse than the year-ago quarter and a $0.29 sequential decrease. Investors should also note that the full-year EPS estimate of $15.44 is a $0.02 setback when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $7.99 Billion. If realized, that would be a 7.20% 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.
Investors should keep in mind is that the average price target is $173.17, which is 3.18% above where the stock opened this morning.
Summary (NYSE:GS) : The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment offers financial advisory services, including strategic advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services, such as public offerings and private placements of a range of securities, and other financial instruments, and derivative transactions. The Institutional Client Services segment is involved in client execution activities related to making markets in interest rate products, credit products, mortgages, currencies, and commodities, as well as provides financing, securities lending, and other prime brokerage services to institutional clients. The Investing & Lending segment invests in and originates longer-term loans to provide financing to clients. It also makes investments in debt securities and loans, public and private equity securities, and real estate entities. The Investment Management segment provides investment products and services, as well as offers wealth advisory services, such as portfolio management and financial counseling, and brokerage and other transaction services. The Goldman Sachs Group, Inc. was founded in 1869 and is headquartered in New York, New York.
Tag Helper ~ Stock Code: GS | Common Company name: Goldman Sachs | Full Company name: The Goldman Sachs Group Inc (NYSE:GS) .