Favorable News Coverage Somewhat Unlikely to Impact Credit Suisse Group (CS) Stock Price

Media coverage about Credit Suisse Group (NYSE:CS) has been trending positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Credit Suisse Group earned a coverage optimism score of 0.44 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.9905593988381 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

A number of equities research analysts have issued reports on CS shares. Zacks Investment Research raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, January 17th. JPMorgan Chase reissued a “buy” rating on shares of Credit Suisse Group in a report on Wednesday, March 7th. Societe Generale raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, February 13th. Finally, ValuEngine raised shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.00.

Shares of Credit Suisse Group stock remained flat at $$16.73 during trading on Thursday. 1,098,678 shares of the stock traded hands, compared to its average volume of 2,787,599. The company has a market capitalization of $43.04 billion, a PE ratio of 30.98 and a beta of 1.42. Credit Suisse Group has a 52-week low of $16.64 and a 52-week high of $16.71. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.89.

Credit Suisse Group (NYSE:CS) last released its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $5.94 billion during the quarter. Credit Suisse Group had a positive return on equity of 3.52% and a negative net margin of 2.62%. equities research analysts forecast that Credit Suisse Group will post 1.27 EPS for the current year.

The company also recently declared a special dividend, which will be paid on Friday, May 18th. Stockholders of record on Monday, May 7th will be issued a $0.2597 dividend. The ex-dividend date of this dividend is Friday, May 4th. This represents a dividend yield of 4.39%. Credit Suisse Group’s payout ratio is currently 46.30%.

Credit Suisse Group Company Profile

Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.

Insider Buying and Selling by Quarter for Credit Suisse Group (NYSE:CS)

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