The shares of The Goldman Sachs Group, Inc. (NYSE:GS) has been pegged with a rating of Sell by Societe Generale in its latest research note that was published on February 1st, 2019. Societe Generale wasnâ€™t the only research firm that published a report of The Goldman Sachs Group, Inc., with other equities research analysts also giving their opinion on the stock. Barclays advised investors in its research note published on January 2nd, 2019, to Equal Weight the GS stock while also putting a $247 price target. The stock had earned Outperform rating from Credit Suisse when it published its report on December 24th, 2018. That day the Credit Suisse set price target on the stock to $250. The stock was given Neutral rating by Atlantic Equities in its report released on December 12th, 2018. BofA/Merrill was of a view that GS is Neutral in its latest report on November 30th, 2018. Morgan Stanley thinks that GS is worth Equal-Weight rating. This was contained in the firmâ€™s report on November 21st, 2018.
Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 14 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $231.43. The price of the stock the last time has raised by 33.05% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 54.67.
The shares of the company added by 0.97% during the trading session on Tuesday, reaching a low of $199.24 while ending the day at $201.84. During the trading session, a total of 4.83 million shares were traded which represents a -46.73% decline from the average session volume which is 3.29M shares. GS had ended its last session trading at 199.91. The Goldman Sachs Group, Inc. currently has a market cap of $73.97B, while its P/E ratio stands at 8.41, while its P/E earnings growth sits at 1.39, with a beta of 1.22. The Goldman Sachs Group, Inc. debt-to-equity ratio currently stands at 6.62, while its quick ratio hovers at . GS 52-week low price stands at $151.70 while its 52-week high price is $262.25.
The company in its last quarterly report recorded $5.71 earnings per share which is above the $4.89 predicted by most analysts. The The Goldman Sachs Group, Inc. generated $8,807.00 million in revenue during the last quarter, which is slightly lower than the $8,994.19 million predicted by analysts. In the second quarter last year, the firm recorded $6.04 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was down by -5.78%. The Goldman Sachs Group, Inc. has the potential to record 24.00 EPS for the current fiscal year, according to equities analysts.
Investment analysts at JP Morgan published a research note on December 19th, 2018 where it informed investors and clients that Tanger Factory Outlet Centers, Inc. (NYSE:SKT) is now rated as Underweight. Barclays also rated SKT as Reiterated on January 2nd, 2019, with its price target of $247 suggesting that SKT could surge by 11.68% from its current share price. Even though the stock has been trading at $19.88/share, analysts expect it to surge higher by -4.88% to reach $21.41/share. It started the day trading at $19.91 and traded between $18.85 and $18.91 throughout the trading session.
A look at its technical shows that SKTâ€™s 50-day SMA is 20.96 while its 200-day SMA stands at 22.42. The stock has a high of $24.91 for the year while the low is $19.75. The companyâ€™s P/E ratio currently sits at 42.40, while the P/B ratio is 3.82. At the moment, only of Tanger Factory Outlet Centers, Inc. shares were sold short. The companyâ€™s average trading volume currently stands at 1.27M shares, which means that the short-interest ratio is just 19.28 days. Over the past seven days, the company moved, with its shift of -5.69%. Looking further, the stock has dropped -14.20% over the past 90 days while it lost -11.64% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. SSgA Funds Management Inc sold more SKT shares, decreasing its portfolio by -5.15% during the last quarter. This move now sees SSgA Funds Management Inc selling -886,807 shares in the last quarter, thus it now holds 16,317,006 shares of SKT, with a total valuation of $342,330,786. The Vanguard Group Inc meanwhile sold more SKT shares in the recently filed quarter, changing its stake to $286,242,581 worth of shares. BlackRock Fund Advisors followed the path by decreasing its SKT portfolio by -0.73% in the quarter. This means that BlackRock Fund Advisors sold -84,627 shares in the last quarter and now controls 11,532,086 shares of the SKT stock, with the valuation hitting $241,943,164.
Similarly, Ceredex Value Advisors LLC decreased its Tanger Factory Outlet Centers, Inc. shares by -2.44% during the recently filed quarter. After selling -63,693 shares in the last quarter, the firm now controls 2,549,276 shares of Tanger Factory Outlet Centers, Inc. which are valued at $53,483,810. In the same vein, Principal Real Estate Investors L increased its Tanger Factory Outlet Centers, Inc. shares by during the most recent reported quarter. The firm bought 30,255 shares during the quarter which increased its stakes to 2,250,232 shares and is now valued at $47,209,867. Following these latest developments, around 2.30% of Tanger Factory Outlet Centers, Inc. stocks are owned by institutional investors and hedge funds.