Credit Suisse Lifted to Buy at Vetr Inc. (CS)

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Vetr upgraded shares of Credit Suisse (NYSE:CS) from a hold rating to a buy rating in a research note released on Tuesday morning, AnalystRatings.NET reports. They currently have $29.30 target price on the stock.

Shares of Credit Suisse (NYSE:CS) traded down 0.73% during midday trading on Tuesday, reaching $27.05. The company’s stock had a trading volume of 1,340,520 shares. The company’s 50-day moving average price is $28.47 and its 200-day moving average price is $26.90. The company has a market cap of $44.16 billion and a PE ratio of 11.43. Credit Suisse has a 12 month low of $21.01 and a 12 month high of $29.99.

Credit Suisse (NYSE:CS) last announced its earnings results on Thursday, July 23rd. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.07. The company earned $6.94 billion during the quarter, compared to the consensus estimate of $33.05 billion. Credit Suisse’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.46) earnings per share. On average, equities analysts anticipate that Credit Suisse will post $2.36 EPS for the current fiscal year.

A number of other brokerages have also recently commented on CS. Zacks lowered Credit Suisse from a hold rating to a sell rating in a research note on Wednesday, July 8th. TheStreet upgraded Credit Suisse from a sell rating to a hold rating in a research report on Friday, July 24th. Morgan Stanley upgraded Credit Suisse from an equal weight rating to an overweight rating in a research report on Wednesday, July 1st. Kepler Capital Markets downgraded shares of Credit Suisse to a reduce rating in a research note on Tuesday, April 28th. Finally, Deutsche Bank downgraded shares of Credit Suisse from a buy rating to a hold rating in a research note on Friday, July 17th. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Credit Suisse currently has a consensus rating of Hold and an average price target of $28.10.

Credit Suisse Group AG (NYSE:CS) is a global financial services firm. The Company operates in three sections: Private Banking Wealth Management and Investment Banking. Private Banking Wealth Management offers guidance and a range of financial solutions to private, corporate and institutional customers. The Private Banking Wealth Management includes Corporate Institutional Clients the Wealth Management Clients and Asset Management companies. Asset Management supplies a range of investment products and solutions across asset categories and for all investment styles, functioning governments, institutions, corporations and individuals around the world. Investment Banking offers investment banking and securities services and products to government, institutional and corporate clients around the world. Its products and services include debt and equity underwriting, sales and trading, MA guidance, divestitures, corporate sales, restructuring and investment research.

To view Vetr’s full report, visit Vetr’s official website.

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Saturday, August 29th, 2015 EN

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