Credit Suisse Sets New 52-Week Low at $27.82 (CS)
Credit Suisse (NYSE:CS) hit a new 52-week low during trading on Friday , Analyst Ratings News reports. The company traded as low as $27.82 and last traded at $28.01, with a volume of 359,433 shares traded. The stock had previously closed at $28.10.
A number of analysts have recently weighed in on CS shares. 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. Two analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Credit Suisse presently has an average rating of “Hold” and a consensus target price of $15.90.
The stock has a 50-day moving average of $29.59 and a 200-day moving average of $30.83. The company has a market cap of $44.522 billion and a P/E ratio of 24.78.
Credit Suisse (NYSE:CS) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.48 EPS for the quarter, missing the 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 in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. 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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