Today's Pre-Market Trading Very Positive For Goldman Sachs Group (GS)
Trade-Ideas LLC identified
(
) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Goldman Sachs Group as such a stock due to the following factors:
- GS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $506.8 million.
- GS traded 17,004 shares today in the pre-market hours as of 8:51 AM.
- GS is up 2% today from yesterday's close.
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More details on GS:
The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company worldwide. The company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The stock currently has a dividend yield of 1.4%. GS has a PE ratio of 13. Currently there are 5 analysts that rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 8 rate it a hold.
The average volume for Goldman Sachs Group has been 3.4 million shares per day over the past 30 days. Goldman Sachs Group has a market cap of $82.5 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.40 and a short float of 1.6% with 2.45 days to cover. Shares are down 1.1% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Goldman Sachs Group as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- After a year of stock price fluctuations, the net result is that GS's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- GS, with its decline in revenue, slightly underperformed the industry average of 4.7%. Since the same quarter one year prior, revenues fell by 13.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- GOLDMAN SACHS GROUP INC's earnings per share declined by 36.5% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, GOLDMAN SACHS GROUP INC increased its bottom line by earning $17.07 versus $15.47 in the prior year. For the next year, the market is expecting a contraction of 8.3% in earnings ($15.65 versus $17.07).
- The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Capital Markets industry and the overall market on the basis of return on equity, GOLDMAN SACHS GROUP INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
- You can view the full Goldman Sachs Group Ratings Report.
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