Credit Suisse Group (CS) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Credit Suisse Group (NYSE:CS) from a buy rating to a hold rating in a research report sent to investors on Tuesday, January 9th.

According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “

A number of other equities analysts have also recently issued reports on the company. Goldman Sachs Group reiterated a buy rating on shares of Credit Suisse Group in a report on Tuesday, December 5th. JPMorgan Chase & Co. reiterated a buy rating on shares of Credit Suisse Group in a report on Monday, November 20th. UBS Group reiterated a buy rating on shares of Credit Suisse Group in a report on Monday, December 11th. Macquarie upgraded shares of Credit Suisse Group from an underperform rating to a neutral rating in a research note on Wednesday, November 15th. Finally, Societe Generale upgraded shares of Credit Suisse Group from a hold rating to a buy rating in a research note on Monday, September 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. Credit Suisse Group currently has a consensus rating of Buy and a consensus price target of $21.00.

Credit Suisse Group (CS) traded down $0.13 during mid-day trading on Tuesday, reaching $18.72. The company’s stock had a trading volume of 3,275,500 shares, compared to its average volume of 2,701,936. The company has a market cap of $47,850.00, a PE ratio of -23.70 and a beta of 1.51. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.41 and a current ratio of 1.41. Credit Suisse Group has a 52-week low of $13.28 and a 52-week high of $19.08.

Credit Suisse Group (NYSE:CS) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Credit Suisse Group had a negative return on equity of 2.45% and a negative net margin of 3.80%. equities analysts expect that Credit Suisse Group will post -0.15 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Auxier Asset Management boosted its position in Credit Suisse Group by 0.4% in the second quarter. Auxier Asset Management now owns 214,368 shares of the financial services provider’s stock valued at $3,130,000 after buying an additional 925 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Credit Suisse Group by 7.6% in the second quarter. Oppenheimer & Co. Inc. now owns 24,200 shares of the financial services provider’s stock valued at $354,000 after buying an additional 1,700 shares in the last quarter. Advisor Group Inc. boosted its position in Credit Suisse Group by 16.6% in the second quarter. Advisor Group Inc. now owns 14,437 shares of the financial services provider’s stock valued at $210,000 after buying an additional 2,055 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Credit Suisse Group by 25.3% in the second quarter. The Manufacturers Life Insurance Company now owns 16,569 shares of the financial services provider’s stock valued at $242,000 after buying an additional 3,349 shares in the last quarter. Finally, National Asset Management Inc. boosted its position in Credit Suisse Group by 15.8% in the second quarter. National Asset Management Inc. now owns 24,537 shares of the financial services provider’s stock valued at $359,000 after buying an additional 3,353 shares in the last quarter. Institutional investors own 2.84% of the company’s stock.

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Credit Suisse Group Company Profile

Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.

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