The Goldman Sachs Group, Inc. : The calm spell can be taken advantage of to put on new positions
Entry price | Target | Stop-loss | Potential |
---|
US$231.02 |
US$269.4 |
US$219.4 |
+16.61% |
---|
After accumulation, acceleration. Timing appears favorable to go long in shares of Goldman Sachs Group and to anticipate an exit of the trading range on the upside.
Strengths● The close medium term support offers good timing for purchasing the stock.
● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● Historically, the company has been releasing figures that are above expectations.
● Its low valuation, with P/E ratio at 9.22 and 8.98 for the ongoing fiscal year and 2019 respectively, makes the stock pretty attractive with regard to earnings multiples.
● Sales forecast by analysts have been recently revised upwards.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● The underlying tendency is negative on the weekly chart below the resistance at 242.92 USD
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