Credit Suisse Group (NYSE:CS) Upgraded by ValuEngine to “Hold”

Credit Suisse Group (NYSE:CS) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, May 8th.

CS has been the topic of several other research reports. Societe Generale cut Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Zacks Investment Research lowered Credit Suisse Group from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Barclays started coverage on Credit Suisse Group in a research note on Tuesday, January 16th. They issued an “underweight” rating on the stock. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, February 13th. Finally, JPMorgan Chase reissued a “buy” rating on shares of Credit Suisse Group in a research note on Wednesday, March 7th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Credit Suisse Group has an average rating of “Hold” and an average target price of $21.00.

Credit Suisse Group opened at $16.63 on Tuesday, Marketbeat Ratings reports. The firm has a market capitalization of $42.76 billion, a P/E ratio of 30.80 and a beta of 1.42. Credit Suisse Group has a 12-month low of $13.28 and a 12-month high of $19.98. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 3.89.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. increased its stake in shares of Credit Suisse Group by 87.9% in the first quarter. Sei Investments Co. now owns 2,944,086 shares of the financial services provider’s stock valued at $49,431,000 after purchasing an additional 1,377,255 shares during the period. Millennium Management LLC increased its stake in shares of Credit Suisse Group by 693.6% during the fourth quarter. Millennium Management LLC now owns 1,137,457 shares of the financial services provider’s stock valued at $20,304,000 after acquiring an additional 994,133 shares during the period. Two Sigma Advisers LP increased its stake in shares of Credit Suisse Group by 53.8% during the fourth quarter. Two Sigma Advisers LP now owns 819,500 shares of the financial services provider’s stock valued at $14,628,000 after acquiring an additional 286,499 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Credit Suisse Group during the first quarter valued at approximately $4,309,000. Finally, CIBC World Markets Inc. increased its stake in shares of Credit Suisse Group by 203.0% during the first quarter. CIBC World Markets Inc. now owns 368,946 shares of the financial services provider’s stock valued at $6,195,000 after acquiring an additional 247,169 shares during the period. 3.02% of the stock is currently owned by hedge funds and other institutional investors.

About Credit Suisse Group

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.

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

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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