Goldman Sachs Group Inc (NYSE:GS) reaching 52-week high, short interest ramping up

Goldman Sachs Group Inc (NYSE:GS) (Trend Analysis) shares were traded with no significant volume change. The stock closed last trading session at $181.48, up by 3.16%, with a volume of 3,335,963 shares against an average amount for the last three months of 2,529,290.

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Goldman Sachs Group Inc (NYSE:GS) stock is currently trading 9.21% below its 52-week-high, 31.32% above its 52-week-low. The 1-year stock price history is in the range of $138.2 – $199.9. Goldman Sachs Group Inc (GS) has a price to earnings ratio of 14.56 versus Financial sector average of 15.9. GS stock price has underperformed the S&P 500 by 1.9%. The Diversified Banking Services company is currently valued at $76 billion, and its share price closed the last trading session at $181.48. The stock has a 50-day moving average of $169.66 and a 200-day moving average of $161.77.

Goldman Sachs Group Inc (GS) current short interest stands at 4.57 million shares. It has increased by 5% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.34 million shares, the number of days required to cover the short positions stand at 2 days.

GS is forecasted to report earnings per share of $4.28 and a revenue of $7.34 billion for the 4th Quarter of the fiscal year 2016. Goldman Sachs Group Inc (GS) declared last quarter earnings on October 18. The Diversified Banking Services company announced last quarter earnings per share of $4.88 against a consensus Street estimate of $3.86, beating the average estimate by $1.02. The company posted a revenue of $8.17 billion compared to an estimation of $7.55 billion.

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There are currently twenty-seven analysts that cover Goldman Sachs Group Inc stock. Of those twenty-seven, twelve have a Buy rating, fourteen have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $189.61.

A recent analyst activity consisted of Guggenheim downgrading their Buy rating to Neutral on October 20. On the date of report, the stock closed at $174.51.

Rafferty Capital upgraded their Hold rating to Buy on October 17. On the date of report, the stock closed at $169.

Another research firm was Nomura Securities who reiterated their Buy stance on July 20. Nomura Securities increased their price target on Goldman Sachs Group Inc from $195 to $197. This translates to a 8.55% upside from the last closing price. On the date of report, the stock closed at $161.14.

Company snapshot

The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.

Goldman Sachs Group Inc (NYSE:GS) reaching 52-week high, short interest ramping up was last modified: November 8th, 2016 by Steven Finley