Credit Suisse Receives Consensus Rating of “Hold” from Analysts (NYSE:CS)
Credit Suisse (NYSE:CS) has earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, StockRatingsNetwork.com reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $3.60.
A number of analysts have recently weighed in on CS shares. 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 27.86 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 $28.07 and a 200-day moving average of $30.15. The company has a market cap of $44.575 billion and a price-to-earnings ratio of 1387.50.
Credit Suisse (NYSE:CS) last released its earnings data on Tuesday, July 22nd. The company reported ($0.46) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.52 earnings per share. Credit Suisse’s revenue was down 8.0% compared to the same quarter last year. On average, analysts predict that Credit Suisse will post $2.61 earnings per share 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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