Credit Suisse Receives Consensus Rating of “Hold” from Brokerages (NYSE:CS)
Shares of Credit Suisse (NYSE:CS) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, American Banking and Market News reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $15.90.
CS has been the subject of a number of recent research reports. Analysts at Goldman Sachs upgraded shares of Credit Suisse from a “neutral” rating to a “conviction-buy” rating in a research note on Wednesday, June 4th. Separately, analysts at Zacks downgraded shares of Credit Suisse from a “neutral” rating to an “underperform” rating in a research note on Monday, June 2nd. They now have a $28.20 price target on the stock. Finally, analysts at Bank of America downgraded shares of Credit Suisse from a “buy” rating to a “neutral” rating in a research note on Thursday, May 29th.
Credit Suisse (NYSE:CS) opened at 28.51 on Monday. Credit Suisse has a 1-year low of $25.93 and a 1-year high of $33.98. The stock has a 50-day moving average of $29.79 and a 200-day moving average of $30.87. The company has a market cap of $45.253 billion and a price-to-earnings ratio of 25.19.
Credit Suisse (NYSE:CS) last released its earnings data on Wednesday, April 16th. The company reported $0.48 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.58 by $0.10. The company had revenue of $6.47 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the company posted $0.85 earnings per share. Credit Suisse’s revenue was down 9.1% compared to the same quarter last year. Analysts expect that Credit Suisse will post $2.61 EPS for the current fiscal year.
Credit Suisse Group AG is a Switzerland-based holding company engaged in private banking, investment banking and asset management areas.
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