Credit Suisse Group - CS Stock Forecast, Price & News

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 planning, succession planning, and trust services. 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, and product bundles; asset management products; equity and debt underwriting, 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, financial sponsors, and sovereign clients. As of December 31, 2021, it operated through a network of 311 offices and branches. The company was founded in 1856 and is based in Zurich, Switzerland.

Analysts Set New Price Targets

Several analysts recently commented on CS shares. Bank of America raised Credit Suisse Group from an "underperform" rating to a "neutral" rating in a research note on Thursday, July 28th. StockNews.com downgraded Credit Suisse Group from a "hold" rating to a "sell" rating in a research report on Wednesday, August 3rd. Berenberg Bank downgraded Credit Suisse Group from a "buy" rating to a "hold" rating in a research report on Wednesday, May 11th. Citigroup cut their price objective on Credit Suisse Group from CHF 9.40 to CHF 8 and set a "buy" rating for the company in a research report on Monday, May 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Credit Suisse Group from CHF 6.60 to CHF 6.80 and gave the company an "underweight" rating in a research report on Thursday, May 19th. Seven equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $6.84.

Credit Suisse Group Trading Up 2.6 %

NYSE:CS opened at $5.86 on Monday. The stock has a 50-day simple moving average of $5.74 and a 200 day simple moving average of $7.06. The company has a market capitalization of $15.53 billion, a PE ratio of -4.10 and a beta of 1.39. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.43. Credit Suisse Group has a 12 month low of $5.05 and a 12 month high of $11.04.

Credit Suisse Group (NYSE:CS - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The financial services provider reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.10). The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $4.19 billion. Credit Suisse Group had a negative net margin of 16.11% and a negative return on equity of 1.96%. Research analysts forecast that Credit Suisse Group will post -0.69 EPS for the current year.