Stock Update: Goldman Sachs Group Inc (NYSE:GS)

[Bloomberg] Goldman Sachs Group Inc (NYSE:GS) confirmed that the head of Australian dollar rates trading Chris Corbett has left the company.Corbett departed this week, Hayley Morris, the investment bank’s Sydney-based spokeswoman, said today by telephone. Two calls to Corbett’s mobile phone were unanswered.Corbett joined Goldman Sachs in November 2012 in Hong Kong and relocated to Sydney in July last year. His move was part of the New York-based company’s plan to expand its team in Sydney and create a hub for trading local-currency assets. TStock PerformanceTaking a look at the company’s recent performance, Goldman Sachs reported Second quarter earnings for fiscal 2014 on July 15^th. The company reported actual earnings per share of $4.10 against the consensus Street estimate of $3.09. This represents year over year growth of 9.76%. Goldman Sachs posted revenue of $9.33 billion against estimates of $7.98 billion.Goldman Sachs Group Inc (GS) is currently valued at $82.181 billion and closed the last trading session at $188.07. The stock has a 50-day moving average of $181.50 and a 200-day moving average of $168.66.

Is this a Buying Opportunity?There are currently nineteen analysts that we track that cover the stock. Of those nineteen, nine have a Buy rating, eight have a hold rating and two have a Sell rating. On a consensus basis this yields a score of 2.37 and a Hold. The combined price objective of these covering analysts is $188.58, which represents a 0.27% upside difference to the last closing price.The most recent analyst activity consisted of Credit Suisse reiterating their outperform stance on the company. Credit Suisse has boosted price target from $185.00 to $ 200.00 which represents an upside of 6.34% from the last closing price. On the date of the report, the stock closed at $188.07.Another research firm weighing in recently was Zacks who reiterated rating on the stock. On September 23^rd Zacks upgraded their price target on the stock at $212.00, or a 14.54% upside to the current price. On the day of the report, GS shares closed at $185.09.Company ProfileThe Goldman Sachs Group, Inc (NYSE:GS) provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment offers financial advisory services, including strategic advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services, such as public offerings and private placements of a range of securities, and other financial instruments, and derivative transactions.