Credit Suisse Given Average Recommendation of “Hold” by Brokerages (NYSE:CS)
Credit Suisse (NYSE:CS) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, Analyst Ratings Net reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $3.60.
A number of research firms have recently commented on CS. Analysts at TheStreet downgraded shares of Credit Suisse to a “sell” rating in a research note on Friday, July 25th. Separately, analysts at Macquarie downgraded shares of Credit Suisse from a “neutral” rating to an “underperform” rating in a research note on Friday, July 25th. Finally, 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.
Credit Suisse (NYSE:CS) opened at 27.0501 on Tuesday. Credit Suisse has a 52-week low of $26.38 and a 52-week high of $33.98. The stock has a 50-day moving average of $28.27 and a 200-day moving average of $30.26. The company has a market cap of $43.279 billion and a P/E ratio of 1335.00.
Credit Suisse (NYSE:CS) last released its earnings data on Tuesday, July 22nd. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.47) by $0.01. The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 8.0% 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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