In the latest trading session, 2.05 million Credit Suisse Group AG (NYSE:CS) shares changed hands as the company’s beta touched 1.43. With the company’s most recent per share price at $10.20 changed hands at -$0.21 or -2.02% at last look, the market valuation stands at $28.08B. CS’s current price is a discount, trading about -45.78% off its 52-week high of $14.87. The share price had its 52-week low at $9.18, which suggests the last value was 10.0% up since then. When we look at Credit Suisse Group AG’s average trading volume, we note the 3-month average coming to 4.59 million.
Analysts gave the Credit Suisse Group AG (CS) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.30. If we narrow down to specifics, the data shows that 1 out of 23 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 13 recommended CS as a Hold, 5 felt it is a Buy and 1 rated the stock as Underweight. Credit Suisse Group AG’s EPS for the current quarter is expected to be $0.
Credit Suisse Group AG (NYSE:CS) trade information
Instantly CS was in red as seen in intraday trades today. With action -1.42%, the performance over the past five days has been red. The drop to weekly highs of 10.69 on Tuesday, 09/14/21 subtracted -2.02% to the stock’s daily price. The company’s shares are showing year-to-date downside of -18.25%, with the 5-day performance at -1.42% in the red. However, in the 30-day time frame, Credit Suisse Group AG (NYSE:CS) is 0.19% up.
The consensus price target for the stock as assigned by Wall Street analysts is $11.77, meaning bulls need an upside of 13.34% from its recent market value. According to analyst projections, CS’s forecast low is $9.49 with $15.01 as the target high. To hit the forecast high, the stock’s price needs a -47.16% plunge from its current level, while the stock would need to tank 6.96% for it to hit the projected low.
Credit Suisse Group AG (CS) estimates and forecasts
Data shows that the Credit Suisse Group AG share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -18.89% over the past 6 months, a -39.82% in annual growth rate that is considerably lower than the industry average of 30.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 21.40%. The 2021 estimates are for Credit Suisse Group AG earnings to decrease by -20.10%, but the outlook for the next 5-year period is at 4.50% per year.
Credit Suisse Group AG is expected to release its next quarterly earnings report in October. The 3.94% annual yield figure for the share gives it an annual dividend of 0.41. It is important to note, however, that the 3.94% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Credit Suisse Group AG (NYSE:CS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.00% of Credit Suisse Group AG shares while 4.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 4.15%. There are 4.15% institutions holding the Credit Suisse Group AG stock share, with Hotchkis & Wiley Capital Management, LLC the top institutional holder. As of Jun 29, 2021, the company held 1.10% of the shares, roughly 29.04 million CS shares worth $304.6 million.
Arrowstreet Capital, Limited Partnership holds the second largest percentage of outstanding shares, with 0.20% or 5.26 million shares worth $55.22 million as of Jun 29, 2021.
Among Mutual Funds, the top two as of Jun 29, 2021 were Hotchkis and Wiley Value Opportunities Fund and Advanced Series Tr-Hotchkis & Wiley Large Cap Value Port. With 1.99 million shares estimated at $20.92 million under it, the former controlled 0.08% of total outstanding shares. On the other hand, Advanced Series Tr-Hotchkis & Wiley Large Cap Value Port held about 0.05% of the shares, roughly 1.26 million shares worth around $13.2 million.