Credit Suisse Group AG (CS) Trading Up 2.1%
Credit Suisse Group AG (NYSE:CS)’s share price was up 2.1% during mid-day trading on Wednesday . The stock traded as high as $11.82 and last traded at $11.80, with a volume of 2,522,578 shares changing hands. The stock had previously closed at $11.56.
Several equities analysts have recently issued reports on CS shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Credit Suisse Group AG in a research note on Tuesday, June 28th. Barclays PLC lowered Credit Suisse Group AG from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $19.00 to $14.00 in a research note on Thursday, June 9th. Zacks Investment Research raised Credit Suisse Group AG from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Bank of America Corp. raised Credit Suisse Group AG from an “underperform” rating to a “neutral” rating in a research note on Friday, May 20th. Finally, Royal Bank Of Canada lowered Credit Suisse Group AG from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 28th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.28.
The firm’s market capitalization is $24.41 billion. The stock has a 50 day moving average of $11.28 and a 200 day moving average of $13.56.
Credit Suisse Group AG (NYSE:CS) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.07. The firm earned $4.75 billion during the quarter, compared to the consensus estimate of $24.24 billion. During the same quarter last year, the firm posted $0.79 EPS. The business’s revenue was down 26.6% on a year-over-year basis. Analysts predict that Credit Suisse Group AG will post $0.59 EPS for the current fiscal year.
A hedge fund recently raised its stake in Credit Suisse Group AG stock. Comerica Bank boosted its position in Credit Suisse Group AG (NYSE:CS) by 19.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,395 shares of the company’s stock after buying an additional 17,086 shares during the period. Comerica Bank’s holdings in Credit Suisse Group AG were worth $2,064,000 at the end of the most recent quarter.
Credit Suisse Group AG (Credit Suisse) is a global financial services company. The Company operates in three segments: Private Banking & Wealth Management and Investment Banking. Private Banking & Wealth Management offers advice and a range of financial solutions to private, corporate and institutional clients.
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