Favorable News Coverage Very Likely to Impact Goldman Sachs Group, Inc. (The) (GS) Stock Price

Media headlines about Goldman Sachs Group, Inc. (The) (NYSE:GS) have been trending positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Goldman Sachs Group, Inc. (The) earned a daily sentiment score of 0.46 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 85 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of research firms have issued reports on GS. Capital One Financial Corporation reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. Buckingham Research reiterated a “neutral” rating and issued a $243.00 price objective (up previously from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 10th. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 4th. Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 3rd. Finally, BidaskClub upgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $238.88.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 229.26 on Tuesday. The company has a market cap of $93.84 billion, a P/E ratio of 12.20 and a beta of 1.42. The firm has a 50-day moving average price of $220.24 and a 200-day moving average price of $232.67. Goldman Sachs Group, Inc. has a 1-year low of $155.37 and a 1-year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings data on Tuesday, April 18th. The investment management company reported $5.15 EPS for the quarter, missing the Zacks’ consensus estimate of $5.31 by $0.16. Goldman Sachs Group, Inc. (The) had a return on equity of 11.26% and a net margin of 26.38%. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $8.33 billion. During the same quarter in the previous year, the business posted $2.68 EPS. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities analysts expect that Goldman Sachs Group, Inc. will post $18.23 EPS for the current year.

Goldman Sachs Group, Inc. (The) declared that its Board of Directors has approved a share buyback program on Tuesday, April 18th that authorizes the company to buyback 50,000,000 outstanding shares. This buyback authorization authorizes the investment management company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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