Credit Suisse Rating Lowered to Neutral at Macquarie (CS)
Credit Suisse (NYSE:CS) was downgraded by Macquarie from an “outperform” rating to a “neutral” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Shares of Credit Suisse (NYSE:CS) opened at 30.55 on Friday. Credit Suisse has a 52 week low of $24.8438 and a 52 week high of $33.98. The stock has a 50-day moving average of $31.18 and a 200-day moving average of $30.49. The company has a market cap of $48.648 billion and a P/E ratio of 16.10.
Credit Suisse (NYSE:CS) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.33. The company had revenue of $6.21 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that Credit Suisse will post $2.51 EPS for the current fiscal year.
A number of other firms have also recently commented on CS. Analysts at Helvea downgraded shares of Credit Suisse to a “hold” rating in a research note to investors on Monday, January 13th. Separately, analysts at Societe Generale initiated coverage on shares of Credit Suisse in a research note to investors on Tuesday, January 7th. They set a “hold” rating on the stock. Finally, analysts at UBS AG upgraded shares of Credit Suisse to a “positive” rating in a research note to investors on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.50.
Credit Suisse Group AG (NYSE:CS) is a global financial services company.
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