Credit Suisse Group AG [NYSE: CS] gained 2.61% or 0.1 points to close at $3.93 with a heavy trading volume of 38439772 shares. The company report on October 6, 2022 that Credit Suisse Announces Coupon Amount on its Credit Suisse S&P MLP Index ETN (ticker symbol “MLPO”).
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On October 5, 2022, Credit Suisse declared a Coupon Amount for the Credit Suisse S&P MLP Index ETN (the “ETN”).
It opened the trading session at $3.94, the shares rose to $3.98 and dropped to $3.86, the range by which the price of stock traded the whole day. The daily chart for CS points out that the company has recorded -40.90% loss over the past six months. However, it is still -6.22% lower than its most recent low trading price.
If we look at the average trading volume of 17.02M shares, CS reached to a volume of 38439772 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Credit Suisse Group AG [CS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CS shares is $4.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CS stock is a recommendation set at 4.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Credit Suisse Group AG shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 06, 2022. The new note on the price target was released on July 28, 2022, representing the official price target for Credit Suisse Group AG stock.
The Average True Range (ATR) for Credit Suisse Group AG is set at 0.30, with the Price to Sales ratio for CS stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 0.22, with the Price to Cash per share for the same quarter was set at 144.96. Price to Free Cash Flow for CS in the course of the last twelve months was 0.32.
Trading performance analysis for CS stock
Credit Suisse Group AG [CS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.74. With this latest performance, CS shares gained by 0.26% in over the last four-week period, additionally sinking by -40.90% over the last 6 months – not to mention a drop of -62.22% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CS stock in for the last two-week period is set at 38.43, with the RSI for the last a single of trading hit 34.81, and the three-weeks RSI is set at 39.99 for Credit Suisse Group AG [CS]. The present Moving Average for the last 50 days of trading for this stock 4.76, while it was recorded at 4.43 for the last single week of trading, and 6.58 for the last 200 days.
Credit Suisse Group AG [CS]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Credit Suisse Group AG [CS] shares currently have an operating margin of +3.18. Credit Suisse Group AG’s Net Margin is presently recorded at -6.29.
Return on Total Capital for CS is now 0.27, given the latest momentum, and Return on Invested Capital for the company is -0.89. Return on Equity for this stock declined to -3.81, with Return on Assets sitting at -0.21. When it comes to the capital structure of this company, Credit Suisse Group AG [CS] has a Total Debt to Total Equity ratio set at 587.29. Additionally, CS Total Debt to Total Capital is recorded at 85.45, with Total Debt to Total Assets ending up at 34.15. Long-Term Debt to Equity for the company is recorded at 329.65, with the Long-Term Debt to Total Capital now at 47.96.
Reflecting on the efficiency of the workforce at the company, Credit Suisse Group AG [CS] managed to generate an average of -$32,928 per employee.
Credit Suisse Group AG [CS]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Credit Suisse Group AG go to 1.40%.
An analysis of insider ownership at Credit Suisse Group AG [CS]
There are presently around $315 million, or 3.60% of CS stock, in the hands of institutional investors. The top three institutional holders of CS stocks are: HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with ownership of 26,956,736, which is approximately -11.201% of the company’s market cap and around 3.10% of the total institutional ownership; DIMENSIONAL FUND ADVISORS LP, holding 5,469,793 shares of the stock with an approximate value of $21.5 million in CS stocks shares; and MORGAN STANLEY, currently with $21.01 million in CS stock with ownership of nearly 142.152% of the company’s market capitalization.
Positions in Credit Suisse Group AG stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 91 institutional holders increased their position in Credit Suisse Group AG [NYSE:CS] by around 13,709,865 shares. Additionally, 113 investors decreased positions by around 12,713,088 shares, while 27 investors held positions by with 53,672,732 shares. The mentioned changes placed institutional holdings at 80,095,685 shares, according to the latest SEC report filing. CS stock had 32 new institutional investments in for a total of 2,032,627 shares, while 48 institutional investors sold positions of 3,278,364 shares during the same period.