Citi downgrades Goldman Sachs to “sell” on valuation

The investment management company reported $4.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.79 by $1.09. The difference between the expected and actual EPS was $1.06/share, which represents an Earnings surprise of 27.7%.The Goldman Sachs Group, Inc.is a bank holding company and a financial holding company.The Street expects 2017 revenue of $32.31 billion to yield per share profit of $18.65.Analysts also projected the Maximum, Minimum and Mean Earnings per share Estimate for Next Quarter.”The bull case we are hearing on the banks is that they are broadly under-owned, they benefit from higher rates and better economic growth, and they are less risky now due to higher capital levels”. The EPS growth for the past five (5) years shows a value of -1.60%, whilst the EPS value for the next five (5) years shows a figure of 20.13%.Goldman Sachs Group Inc (NYSE:GS) has been recently downgraded by Citigroup to Sell on valuation concerns.When it comes to the Analysis of a Stock, Price Target plays a vital role. Goldman Sachs Group Inc makes up approx 0.01% of Baystate Wealth Management’s portfolio.First American Trust Fsb boosted its stake in GS in the latest quarter, The investment management firm added 306 additional shares and now holds a total of 23,131 shares of Goldman Sachs Group Inc which is valued at $5,587,756. Keith Horowitz at Citigroup downgraded the stock from a Neutral to a Sell.Indicating how profitable The Goldman Sachs Group, Inc.Goldman Sachs Group Inc closed down -0.32 points or -0.13% at $242.57 with 34,32,904 shares getting traded on Tuesday. Finally, Societe Generale set a €95.00 ($100.00) price target on Beiersdorf AG and gave the company a buy rating in a report on Friday, November 4th. Kinross Gold has a 52 week low of $1.91 and a 52 week high of $7.56. There are now 403,548,400 shares in issue with the average daily volume traded being 4,281,853. The Company Touched its 52-Week High on Jan 6, 2017 and 52-Week Low on Jun 27, 2016.Looking about the past performance history, the company jumped 0.41% in past week and climbed 0.46% in one month. Investors are buying the stock with a trailing-twelve-month price-to-earnings (P/E) ratio of 19.51. (NYSE:GS) is relative to its assets, the ROA value is displayed at 0.60%. The Return on Equity now counts at 7.30%.While looking at the Stock’s Performance, The Goldman Sachs Group, Inc. now shows a Weekly Performance of 1.44%, where Monthly Performance is 3.11%, Quarterly performance is 43.46%, 6 Months performance is 60.72% and yearly performance percentage is 50.46%.Along with these its year to date performance is standing at 1.44%. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.