Home  »  Company   »  Following A -23.78% Weekly Decline, Is It Still A ...

Following A -23.78% Weekly Decline, Is It Still A Buy For Credit Suisse Group AG (NYSE: CS)?

Credit Suisse Group AG (NYSE:CS)’s traded shares stood at 36.92 million during the latest session, with the company’s beta value hitting 1.39. At the last check today, the stock’s price was $2.03, to imply a decrease of -6.13% or -$0.13 in intraday trading. The CS share’s 52-week high remains $8.02, putting it -295.07% down since that peak but still an impressive 13.79% since price per share fell to its 52-week low of $1.75. The company has a valuation of $9.05B, with an average of 86.75 million shares in intraday trading volume over the past 10 days and average of 32.52 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Underweight for Credit Suisse Group AG (CS), translating to a mean rating of 3.30. Of 21 analyst(s) looking at the stock, 7 analyst(s) give CS a Sell rating. 0 of those analysts rate the stock as Overweight while 12 advise Hold as 1 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.

Do You Know The Best Place To Find Gains In Volatile Markets?

In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.

Click here for full details and to join for free.


Credit Suisse Group AG (NYSE:CS) trade information

After registering a -6.13% downside in the latest session, Credit Suisse Group AG (CS) has traded red over the past five days. The stock hit a weekly high of 2.59 this Thursday, 03/16/23, dropping -6.13% in its intraday price action. The 5-day price performance for the stock is -23.78%, and -35.22% over 30 days. With these gigs, the year-to-date price performance is -33.31%. Short interest in Credit Suisse Group AG (NYSE:CS) saw shorts transact 16.54 million shares and set a 0.89 days time to cover.

Analysts on Wall Street suggest a consensus price target of $3.35, implying an increase of 39.4% to the stock’s recent value. The extremes give us $2.38 and $5.96 for target low and target high price respectively. As such, CS has been trading -193.6% off suggested target high and -17.24% from its likely low.

Credit Suisse Group AG (CS) estimates and forecasts

Looking at statistics comparing Credit Suisse Group AG share performance against respective industry, we note that the company has underperformed competitors. Credit Suisse Group AG (CS) shares are -60.78% down over the last 6 months, with its year-to-date growth rate lower than industry average at -5.56% against 6.80%.

CS Dividends

Credit Suisse Group AG has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Credit Suisse Group AG has a forward dividend ratio of 0.10, with the share yield ticking at 4.68% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Credit Suisse Group AG (NYSE:CS)’s Major holders

Credit Suisse Group AG insiders hold 0.00% of total outstanding shares, with institutional holders owning 2.59% of the shares at 2.59% float percentage. In total, 2.59% institutions holds shares in the company, led by Hotchkis & Wiley Capital Management, LLC. As of Sep 29, 2022, the company held over 26.41 million shares (or 0.66% of shares), all amounting to roughly $103.54 million.

The next major institution holding the largest number of shares is Morgan Stanley with 6.41 million shares, or about 0.16% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $25.14 million.

We also have DFA International Core Equity Portfolio and DFA International Value Series as the top two Mutual Funds with the largest holdings of the Credit Suisse Group AG (CS) shares. Going by data provided on Oct 30, 2022, DFA International Core Equity Portfolio holds roughly 1.28 million shares. This is just over 0.03% of the total shares, with a market valuation of $5.29 million. Data from the same date shows that the other fund manager holds a little less at 1.2 million, or 0.03% of the shares, all valued at about 4.92 million.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts