Goldman Sachs BDC Receives Consensus 'Reduce' Rating from Analysts

Goldman Sachs BDC, Inc. (NYSE:GSBD) has been assigned a consensus recommendation of 'Reduce' from seven brokerages covering the company, according to Marketbeat reports. Analysts have given mixed ratings on Goldman Sachs BDC with three equities research analysts rating the stock as sell and four issuing hold ratings.

The average 1-year price target among brokers that have issued ratings is $8.75. In recent reports, Truist Financial boosted their price objective on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave a 'hold' rating, while Weiss Ratings reaffirmed a 'hold (c-)' rating.

The Goldman Sachs Group cut Goldman Sachs BDC from a 'neutral' rating to a 'reduce' rating with a price target of $8.50, which was also set by Bank of America in their report on July 9th. Institutional investors have recently made changes to their positions in the stock, with Saxon Interests Inc., Sovran Advisors LLC, Southern Financial Group LLC, Arkadios Wealth Advisors, and PFG Investments LLC all increasing or decreasing their holdings.

Goldman Sachs BDC has a market cap of $1.09 billion, a PE ratio of 18.64, and a beta of 0.60. The company announced its quarterly earnings data on August 6th, reporting $0.37 EPS, beating analysts' consensus estimates by $0.06.

The firm had revenue of $35.08 million for the quarter, compared to the consensus estimate of $78.89 million. Goldman Sachs BDC has a net margin of 17.19% and a return on equity of 11.04%. Analysts anticipate that Goldman Sachs BDC will post $1.29 EPS for the current fiscal year.