Goldman Sachs Group Inc (GS): Today's Featured Financial Services Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
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(
) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day down 1.4%. By the end of trading, Goldman Sachs Group fell $1.53 (-1.2%) to $123.62 on average volume. Throughout the day, 5.7 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in price between $123.02-$125.17 after having opened the day at $124.46 as compared to the previous trading day's close of $125.15. Other companies within the Financial Services industry that declined today were:
(
), down 11.1%,
(
), down 9%,
Security National Financial Corporation
(
), down 8.9%, and
(
), down 7.4%.
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The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as a range of financial services to corporations, financial institutions, governments and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $59.89 billion and is part of the financial sector. The company has a P/E ratio of 12, above the average financial services industry P/E ratio of 11.8 and below the S&P 500 P/E ratio of 17.7. Shares are up 38.4% year to date as of the close of trading on Thursday. Currently there are six analysts that rate Goldman Sachs Group a buy, two analysts rate it a sell, and 12 rate it a hold.
TheStreet Ratings rates Goldman Sachs Group as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and deteriorating net income.
- You can view the full Goldman Sachs Group Ratings Report.
- Use our financial services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
(
) while those bearish on the financial services industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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