Stocks of Credit Suisse Group AG (NYSE:CS) traded higher last session on Wall Street, up 2.46% to $0.86.
According to the data, Credit Suisse Group AG (NYSE:CS) has 15 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $0.81, we find $0.86. Given the previous closing price of $0.84, this indicates a potential upside of 2.38 percent. CS stock price is now -26.85% away from the 50-day moving average and -73.88% away from the 200-day moving average. The market capitalization of the company currently stands at $3.49B.
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A total of 11 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $0.88 as their price target over the next twelve months.
, while ‘Exane BNP Paribas’ rates the stock as ‘Underperform’.
A total of 3.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CS stock. A new stake in Credit Suisse Group AG shares was purchased by HUDSON BAY CAPITAL MANAGEMENT LP during the first quarter worth $875,000. MONACO ASSET MANAGEMENT SAM invested $621,000 in shares of CS during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Credit Suisse Group AG valued at approximately $569,000. VIRTU FINANCIAL LLC acquired a new stake in CS for approximately $540,000. SAL TRADING, LLC purchased a new stake in CS valued at around $295,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $0.8400 for Credit Suisse Group AG (NYSE: CS). During the past 12 months, Credit Suisse Group AG has had a low of $0.82 and a high of $7.12. The fifty day moving average price for CS is $1.1366 and a two-hundred day moving average price translates $3.3407 for the stock.
The latest earnings results from Credit Suisse Group AG (NYSE: CS) was released for Mar, 2023. The net profit margin was -56.30% and return on equity was -17.90% for CS. The company reported revenue of $4.51 billion for the quarter, compared to $2.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 86.5 percent.
Moreover, the firm recently paid out its quarterly dividend on 06/23/2022. Investors who held shares on 05/10/2022 were paid a $0.050458 dividend. On an annualized basis, this represents a $0.10 dividend and a 11.73% percent yield. There was an ex-dividend date of 05/09/2022 for this dividend.
Credit Suisse Group AG(CS) Company Profile
Credit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific. The company offers wealth management solutions, including investment advice and discretionary asset management services; risk management solutions, such as managed investment products; and wealth and succession planning. It also provides financing and lending solutions, including consumer credit and real estate mortgage lending, real asset lending relating to ship, and aviation financing for UHNWI; standard and structured hedging, and lombard lending solutions, as well as collateral trading services; and investment banking solutions, such as global securities sales, trading and execution, capital raising, and advisory services. In addition, the company offers banking solutions, such as payments, accounts, debit and credit cards, product bundles, and mortgages; asset management products; equity and debt capital markets, and advisory services; cash equities, equity derivatives, and convertibles, as well as prime services and fixed income products, such as credit, securitized, macro, emerging markets, financing, structured credit, and other products. Further, it provides HOLT, a framework for assessing the performance of approximately 20,000 companies; and equity and fixed income research services. The company serves private and institutional clients; ultra-high-net-worth individuals, high-net-worth individuals, and affluent and retail clients; corporate clients, small and medium-sized enterprises, external asset managers, financial institutions, and commodity traders; and pension funds, hedge funds, governments, foundations and endowments, corporations, entrepreneurs, private individuals, and financial sponsors. Credit Suisse Group AG was founded in 1856 and is based in Zurich, Switzerland.
