Shares of The Goldman Sachs Group, Inc. (NYSE:GS) opened at $228.94, and ended -0.67% lower at $228.34. Nearly 1.99 million shares were traded by the close, lower than its average daily volume of 3.13 million shares.
The Goldman Sachs Group, Inc. (GS) Analyst Opinion
The Goldman Sachs Group, Inc. has a consensus outperform rating from 28 Wall Street analysts, and the number of shares currently sold short amount to at least 1.44% of shares outstanding. The stock sank -2.81% last month and is down -10.37 this year. Wall Street is only getting more bullish on the stock, with 13 of analysts who cover GS having a buy-equivalent rating. Analysts have placed a $275.43 price target on The Goldman Sachs Group, Inc., suggesting a 20.62% gain from recent close. It’s currently trading about -17.06% below its 52-week high.
The Goldman Sachs Group, Inc. Earnings Surprise
The Goldman Sachs Group, Inc. (GS) surprised the stock market in its last reported earnings when it earned $6.95 a piece versus the consensus-estimated $5.58. Its revenue totaled $8.74 billion up 11.53% from the previous quarter.
The Goldman Sachs Group, Inc. (NYSE:GS) Intraday View
This stock (GS) is ahead of its 52-week low with 7.46%. Its last month’s stock price volatility remained 1.22% which for the week stands at 1.4%. The share price has moved backward from its 20 days moving average, trading at a distance of -3.45% and stays -6.18% away from its 50 days moving average. Over the last five days, shares have managed 0.58% gains and now is down -7.24% since hitting its 200-day moving average of $252.06. The Goldman Sachs Group, Inc. (GS) has made its way to a 12-month gain of 6.71%.
Turning to Loews Corporation (NYSE:L), its shares were trading at $49.62 a retreat of $-0.02, on the trading floor. The stock, after opening at $49.62, touched a high of $49.695 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.3. Loews Corporation has 1 buy ratings, 2 holds and 0 sells even after the stock tumbled -7.41% from its high of $53.59 to a $15.74 billion market value through last close.
Loews Corporation (L) Consensus Price Target
The company’s consensus rating on Reuter’s scale slipped from 2.5 to 2.33 during a month. Analysts set a 12-month price target of $51 a share. The target implies a 2.78% spike from where the shares are currently trading. Also, the current price highlights a discount of 2.78% to analysts’ high consensus price target.
Loews Corporation (NYSE:L) Intraday Trading
The counter witnessed a trading volume of 1.59 million shares versus an average volume of 1.43 million shares during last trading session. Its last month’s stock price volatility remained 1.23% which for the week approaches 1.13%. The lowest price the stock reached in the last trading day was $49.17 and compares with the $45.01 52-week low. The stock recovered 10.24% since its low point and has performed -0.82% year-to-date.