CapitalSource Upgraded to “Outperform” at Zacks (CSE)
CapitalSource (NYSE:CSE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, StockRatingsNetwork reports. The firm currently has a $13.70 price target on the stock. Zacks‘ target price indicates a potential upside of 6.37% from the stock’s previous close.
Shares of CapitalSource (NYSE:CSE) traded up 2.30% on Thursday, hitting $12.88. The stock had a trading volume of 1,797,708 shares. CapitalSource has a 52-week low of $7.25 and a 52-week high of $12.36. The stock has a 50-day moving average of $11.83 and a 200-day moving average of $10.04. The company has a market cap of $2.535 billion and a price-to-earnings ratio of 19.61.
CapitalSource (NYSE:CSE) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.09. On average, analysts predict that CapitalSource will post $0.59 earnings per share for the current fiscal year.
Separately, analysts at FBR Capital Markets raised their price target on shares of CapitalSource from $9.50 to $13.00 in a research note to investors on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.83.
CapitalSource Inc (NYSE:CSE) is a commercial lender, which provides financial products to small and middle market businesses nationwide and provides depository products and services to consumers in southern and central California, through its wholly owned subsidiary, CapitalSource Bank.
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