Equities Analysts Issue Forecasts for Credit Suisse Group AG’s FY2021 Earnings (NYSE:CS)

Credit Suisse Group AG (NYSE:CS) – Research analysts at Jefferies Financial Group lifted their FY2021 earnings per share (EPS) estimates for Credit Suisse Group in a note issued to investors on Monday, October 11th. Jefferies Financial Group analyst F. Bocahut now expects that the financial services provider will post earnings per share of $0.31 for the year, up from their prior forecast of $0.24. Jefferies Financial Group currently has a “Hold” rating and a $9.89 target price on the stock. Jefferies Financial Group also issued estimates for Credit Suisse Group’s FY2022 earnings at $1.43 EPS and FY2023 earnings at $1.57 EPS.

Credit Suisse Group (NYSE:CS) last posted its quarterly earnings results on Thursday, July 29th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). The business had revenue of $5.60 billion during the quarter. Credit Suisse Group had a net margin of 0.63% and a return on equity of 0.42%.

CS has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, July 13th. Morgan Stanley set a $10.15 target price on shares of Credit Suisse Group and gave the company an “equal weight” rating in a report on Monday, July 12th. TheStreet downgraded shares of Credit Suisse Group from a “c-” rating to a “d” rating in a report on Thursday, August 26th. Barclays reissued an “overweight” rating on shares of Credit Suisse Group in a report on Friday, July 30th. Finally, Berenberg Bank raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a report on Thursday, June 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Credit Suisse Group presently has an average rating of “Hold” and a consensus price target of $10.26.

Credit Suisse Group stock opened at $10.27 on Tuesday. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $27.22 billion, a price-to-earnings ratio of 145.88, a price-to-earnings-growth ratio of 3.42 and a beta of 1.41. The firm has a 50 day simple moving average of $10.27 and a 200-day simple moving average of $10.42. Credit Suisse Group has a 1-year low of $9.28 and a 1-year high of $14.95.

Several large investors have recently bought and sold shares of CS. Twin Tree Management LP acquired a new position in shares of Credit Suisse Group in the second quarter valued at approximately $30,000. Bank of Montreal Can raised its position in shares of Credit Suisse Group by 27.3% in the first quarter. Bank of Montreal Can now owns 6,274 shares of the financial services provider’s stock valued at $68,000 after buying an additional 1,345 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Credit Suisse Group by 2,474.1% in the second quarter. Rockefeller Capital Management L.P. now owns 6,770 shares of the financial services provider’s stock valued at $70,000 after buying an additional 6,507 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Credit Suisse Group by 29.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,625 shares of the financial services provider’s stock valued at $70,000 after buying an additional 1,495 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Credit Suisse Group in the first quarter valued at approximately $85,000. 3.32% of the stock is owned by institutional investors and hedge funds.

About Credit Suisse Group

Credit Suisse Group AG is holding company, which engages in the provision of financial services. It operates through the following segments: Swiss Universal Bank; International Wealth Management; Asia Pacific; and Investment Banking and Capital Markets. The Swiss Universal Bank segment offers comprehensive advice and financial solutions to private, corporate, and institutional clients in Switzerland.

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