Credit Suisse Group AG (CS) Shares Gap Up to $11.87
Credit Suisse Group AG (NYSE:CS) gapped up before the market opened on Friday . The stock had previously closed at $11.85, but opened at $11.87. Credit Suisse Group AG shares last traded at $11.98, with a volume of 1,754,043 shares.
CS has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut shares of Credit Suisse Group AG from a “neutral” rating to an “underweight” rating in a research report on Monday, June 27th. Royal Bank Of Canada cut shares of Credit Suisse Group AG from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, June 28th. Barclays PLC cut shares of Credit Suisse Group AG from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $19.00 to $14.00 in a research report on Thursday, June 9th. Zacks Investment Research upgraded shares of Credit Suisse Group AG from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. Finally, Keefe, Bruyette & Woods lowered shares of Credit Suisse Group AG from an “outperform” rating to a “market perform” rating in a research note on Monday, June 13th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.28.
The firm’s 50-day moving average price is $11.16 and its 200-day moving average price is $13.50. The firm’s market cap is $25.04 billion.
Credit Suisse Group AG (NYSE:CS) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.07. The firm had revenue of $4.75 billion for the quarter, compared to analysts’ expectations of $24.24 billion. The business’s revenue was down 26.6% on a year-over-year basis. During the same period last year, the firm posted $0.79 EPS. On average, equities research analysts anticipate 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. Wells Fargo & Company MN boosted its stake in Credit Suisse Group AG (NYSE:CS) by 141.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 914,026 shares of the company’s stock after buying an additional 536,219 shares during the period. Wells Fargo & Company MN’s holdings in Credit Suisse Group AG were worth $19,825,000 at the end of the most recent reporting period.
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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