The shares of QUALCOMM Incorporated (NASDAQ:QCOM) has been pegged with a rating of Outperform by Cowen in its latest research note that was published on November 8th, 2018. The research company has also assigned a $73 price target. Cowen wasn’t the only research firm that published a report of QUALCOMM Incorporated, with other equities research analysts also giving their opinion on the stock. Canaccord Genuity advised investors in its research note published on November 8th, 2018, to Buy the QCOM stock while also putting a $75 price target. The stock had earned Neutral rating from BofA/Merrill when it published its report on November 8th, 2018. That day the BofA/Merrill set price target on the stock to $67. The stock was given Neutral rating by BofA/Merrill in its report released on October 31st, 2018. Canaccord Genuity was of a view that QCOM is Buy in its latest report on September 25th, 2018 while giving it a price target of $86. KeyBanc Capital Mkts thinks that QCOM is worth Sector Weight rating. This was contained in the firm’s report on September 25th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 15 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $68.50. The price of the stock the last time has raised by 17.61% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 40.77.
The shares of the company dipped by -1.07% during the trading session on Thursday, reaching a low of $55.69 while ending the day at $57.11. During the trading session, a total of 17.81 million shares were traded which represents a -8.73% decline from the average session volume which is 16.38M shares. QCOM had ended its last session trading at 57.73. QUALCOMM Incorporated currently has a market cap of $69.05B while its P/E earnings growth sits at 3.04, with a beta of 1.68. QUALCOMM Incorporated debt-to-equity ratio currently stands at 17.64, while its quick ratio hovers at 1.40. QCOM 52-week low price stands at $48.56 while its 52-week high price is $76.50.
The company in its last quarterly report recorded $0.90 earnings per share which is above the $0.83 predicted by most analysts. The QUALCOMM Incorporated generated $5,833.00 million in revenue during the last quarter, which is slightly higher than the $5,525.97 million predicted by analysts. In the second quarter last year, the firm recorded $0.75 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 16.67%. QUALCOMM Incorporated has the potential to record -3.02 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Morgan Stanley published a research note on November 27th, 2018 where it informed investors and clients that Credit Suisse Group AG (NYSE:CS) is now rated as Equal-Weight. Canaccord Genuity also rated CS as Reiterated on November 8th, 2018, with its price target of $75 suggesting that CS could surge by 40.18% from its current share price. Even though the stock has been trading at $11.64/share, analysts expect it to surge higher by -2.66% to reach $18.94/share. It started the day trading at $11.35 and traded between $11.05 and $11.33 throughout the trading session.
A look at its technical shows that CS’s 50-day SMA is 13.02 while its 200-day SMA stands at 15.31. The stock has a high of $19.67 for the year while the low is $11.56. The company’s P/E ratio currently sits at 15.31, while the P/B ratio is 0.68. The company’s average trading volume currently stands at 3.33M shares, which means that the short-interest ratio is just 2.07 days. Over the past seven days, the company moved, with its shift of -6.44%. Looking further, the stock has dropped -24.57% over the past 90 days while it lost -27.04% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. EARNEST Partners LLC sold more CS shares, decreasing its portfolio by -1.16% during the last quarter. This move now sees EARNEST Partners LLC selling -86,733 shares in the last quarter, thus it now holds 7,394,124 shares of CS, with a total valuation of $95,606,023. Renaissance Technologies LLC meanwhile bought more CS shares in the recently filed quarter, changing its stake to $58,391,725 worth of shares. Brandes Investment Partners LP followed the path by decreasing its CS portfolio by -1.64% in the quarter. This means that Brandes Investment Partners LP sold -65,104 shares in the last quarter and now controls 3,914,903 shares of the CS stock, with the valuation hitting $50,619,696.
Similarly, Pacific Investment Management Co decreased its Credit Suisse Group AG shares by 0.00% during the recently filed quarter. After selling 0 shares in the last quarter, the firm now controls 3,501,266 shares of Credit Suisse Group AG which are valued at $45,271,369. In the same vein, Merrill Lynch Pierce Fenner S decreased its Credit Suisse Group AG shares by during the most recent reported quarter. The firm sold -299,054 shares during the quarter which decreased its stakes to 3,269,678 shares and is now valued at $42,276,937. Following these latest developments, around 3.10% of Credit Suisse Group AG stocks are owned by institutional investors and hedge funds.