Rating Flow: Deutsche Bank Says Its Time To Upgrade Goldman Sachs (NYSE:GS)

November 30, 2016 - By Winifred Garcia

Rating Flow:  Deutsche Bank Says Its Time To Upgrade Goldman Sachs (NYSE:GS)

Goldman Sachs (NYSE:GS) Upgrade

Expert analysts at Deutsche Bank’s equity research division upgraded Goldman Sachs (NYSE:GS)‘s stock from a “Hold” to “Buy” on Wednesday, 30 November. The analysts at Deutsche Bank have a TP of $255 on GS or 16.62% more upside.

Goldman Sachs Group Inc (NYSE:GS) Ratings Coverage

Out of 21 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 12 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 57% are positive. $259.0 is the highest target while $140 is the lowest. The $192.98 average target is -11.74% below today’s ($218.65) stock price. Goldman Sachs Group Inc. has been the topic of 44 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, March 30. The stock has “Outperform” rating given by Oppenheimer on Tuesday, January 5. The firm earned “Outperform” rating on Monday, September 21 by Oppenheimer. The firm earned “Buy” rating on Monday, August 24 by Vetr. The company was downgraded on Tuesday, November 29 by Instinet. The stock of Goldman Sachs Group Inc (NYSE:GS) earned “Outperform” rating by Keefe Bruyette & Woods on Tuesday, November 29. The company was upgraded on Monday, August 31 by Evercore. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, October 19. The rating was downgraded by Zacks on Tuesday, September 22 to “Hold”. As per Monday, October 12, the company rating was upgraded by Citigroup.

About 4.18M shares traded hands or 13.59% up from the average. Goldman Sachs Group Inc (NYSE:GS) has risen 26.86% since April 27, 2016 and is uptrending. It has outperformed by 21.63% the S&P500.

Analysts await Goldman Sachs Group Inc (NYSE:GS) to report earnings on January, 18. They expect $4.42 earnings per share, down 5.56% or $0.26 from last year’s $4.68 per share. GS’s profit will be $1.77B for 12.37 P/E if the $4.42 EPS becomes a reality. After $4.88 actual earnings per share reported by Goldman Sachs Group Inc for the previous quarter, Wall Street now forecasts -9.43% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 0.86 in 2016 Q2. Its up 0.05, from 0.81 in 2016Q1. The ratio increased, as 92 funds sold all Goldman Sachs Group Inc shares owned while 379 reduced positions. 86 funds bought stakes while 297 increased positions. They now own 282.96 million shares or 8.29% less from 308.54 million shares in 2016Q1.

Chemung Canal accumulated 1.09% or 30,958 shares. Moreover, Capstone Asset Mgmt has 0.13% invested in Goldman Sachs Group Inc (NYSE:GS) for 29,428 shares. Donaldson Capital Mgmt Ltd Com has 0.08% invested in the company for 4,077 shares. Moreover, Bank Of Montreal Can has 0.07% invested in Goldman Sachs Group Inc (NYSE:GS) for 391,494 shares. Alexandria Lc has 1.87% invested in the company for 70,440 shares. Bp Public Limited Company has invested 0.3% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). The New York-based Endicott Mngmt has invested 0.16% in Goldman Sachs Group Inc (NYSE:GS). Locust Wood Cap Advisers Limited Liability Corp holds 171,763 shares or 2.85% of its portfolio. Keeley Asset Mgmt Corp reported 2,520 shares or 0.02% of all its holdings. Perkins Coie holds 0.04% of its portfolio in Goldman Sachs Group Inc (NYSE:GS) for 400 shares. The California-based Dodge Cox has invested 2.2% in Goldman Sachs Group Inc (NYSE:GS). Institutional Lc accumulated 2.01% or 1.10 million shares. Eaton Vance Mngmt accumulated 0.76% or 1.76 million shares. Bridgecreek Investment Mgmt Ltd Com accumulated 1.44% or 31,575 shares. Lba Wealth Ltd Co holds 261 shares or 0.02% of its portfolio.

Insider Transactions: Since August 26, 2016, the stock had 0 buys, and 19 selling transactions for $23.11 million net activity. Another trade for 2,664 shares valued at $452,880 was made by SMITH SARAH G on Wednesday, August 31. Another trade for 24,509 shares valued at $4.99 million was sold by COOPER EDITH W. The insider SHERWOOD MICHAEL S sold 913 shares worth $184,810. BURNS M MICHELE sold $202,000 worth of stock. The insider VINIAR DAVID A sold $299,681. 2,504 Goldman Sachs Group Inc (NYSE:GS) shares with value of $529,134 were sold by BLANKFEIN LLOYD C. The insider COHEN ALAN M sold 5,322 shares worth $1.11M.

The Goldman Sachs Group, Inc. is a bank holding firm and a financial holding company. The company has a market cap of $87.52 billion. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. It has a 17.42 P/E ratio. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

According to Zacks Investment Research, “Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. (Company Press Release)”

GS Company Profile

The Goldman Sachs Group, Inc., incorporated on July 21, 1998, is a bank holding firm and a financial holding company. The Firm is an investment banking, securities and investment management firm that provides a range of financial services to a diversified client base that includes firms, financial institutions, governments and individuals. The Firm operates through four divisions: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s United States depository institution subsidiary, Goldman Sachs Bank USA (GS Bank USA), is a New York State chartered bank.

More notable recent Goldman Sachs Group Inc (NYSE:GS) news were published by: Bloomberg.com which released: “Goldman Says Trump’s Presidency Will Benefit Stocks in Almost Every Sector” on November 30, 2016, also Investorplace.com with their article: “6 Reasons to Add Goldman Sachs Group Inc to Your Portfolio (GS)” published on November 29, 2016, Wsj.com published: “Goldman Sachs Drops Out of R3 Blockchain Group” on November 21, 2016. More interesting news about Goldman Sachs Group Inc (NYSE:GS) were released by: Nasdaq.com and their article: “YieldBoost Goldman Sachs Group To 5.9% Using Options” published on November 30, 2016 as well as Schaeffersresearch.com‘s news article titled: “Analyst Upgrades: UnitedHealth Group Inc, Goldman Sachs Group Inc, and Splunk Inc” with publication date: November 30, 2016.

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