Market Overview

UPDATE: ISI Group Reiterates Hold Rating, Raises PT on Goldman Sachs Group

Share:
Related GS
Why Does JC Parets Not Like Goldman Sachs?
Goldman Sachs Expands Japan 'Green Bond' Project
The Market Is Not Overvalued - Cramer's Mad Money (6/1/15) (Seeking Alpha)

In a report published Friday, ISI Group reiterated its Hold rating on Goldman Sachs Group (NYSE: GS), and raised its price target to $133.00.

ISI Group noted, “Maintain Hold but raising 2013-14 EPS estimates and PT to $133. Due to a modestly better trading and I-banking outlook, we are raising our 2013-2014 EPS estimates to $12.50 (prior $12.10) and $14.00 (prior $13.40). We are maintaining our Hold opinion and increasing our one-year price target of $133, which equals ~9x our 2014 EPS and 0.97x our year-end 2013 TBV estimate of $145. Our ROTCE outlook is 9.7% for 2014 vs. a cost of equity capital of 10%.”

Goldman Sachs Group closed on Thursday at $130.94.

Latest Ratings for GS

DateFirmActionFromTo
Apr 2015Keefe Bruyette & WoodsDowngradesOutperformMarket Perform
Apr 2015BarclaysMaintainsEqual-weight
Apr 2015SusquehannaMaintainsNeutral

View More Analyst Ratings for GS
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (GS)

Around the Web, We're Loving...