Credit Suisse Group’s (CS) “Buy” Rating Reiterated at Morgan Stanley
Credit Suisse Group (NYSE:CS)‘s stock had its “buy” rating reiterated by equities research analysts at Morgan Stanley in a report issued on Tuesday.
CS has been the subject of a number of other research reports. Citigroup Inc. restated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, March 7th. Zacks Investment Research lowered shares of Credit Suisse Group from a “buy” rating to a “strong sell” rating in a research note on Wednesday, April 19th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, March 14th. Bank of America Corporation initiated coverage on shares of Credit Suisse Group in a research note on Monday. They issued a “buy” rating for the company. Finally, Deutsche Bank AG raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.00.
Credit Suisse Group (NYSE:CS) opened at 13.99 on Tuesday. Credit Suisse Group has a 52-week low of $10.01 and a 52-week high of $16.17. The company’s 50-day moving average price is $14.39 and its 200 day moving average price is $14.90. The stock’s market capitalization is $29.15 billion.
Credit Suisse Group (NYSE:CS) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. Credit Suisse Group had a negative net margin of 5.90% and a negative return on equity of 3.20%. The business had revenue of $5.51 billion during the quarter. On average, equities research analysts anticipate that Credit Suisse Group will post $1.08 earnings per share for the current year.
The firm also recently disclosed an annual dividend, which was paid on Friday, May 26th. Stockholders of record on Wednesday, May 10th were paid a dividend of $0.7042 per share. The ex-dividend date of this dividend was Monday, May 8th. This represents a dividend yield of 4.6%. Credit Suisse Group’s dividend payout ratio is -96.00%.
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Several institutional investors have recently bought and sold shares of CS. Edge Wealth Management LLC acquired a new position in Credit Suisse Group during the first quarter worth approximately $149,000. Hennessy Advisors Inc. acquired a new position in Credit Suisse Group during the first quarter worth approximately $148,000. Greenleaf Trust acquired a new position in Credit Suisse Group during the first quarter worth approximately $151,000. Two Sigma Securities LLC acquired a new position in Credit Suisse Group during the first quarter worth approximately $153,000. Finally, Fort Pitt Capital Group LLC acquired a new position in Credit Suisse Group during the first quarter worth approximately $169,000. Institutional investors own 3.06% of the company’s stock.
Credit Suisse Group Company Profile
Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.
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