Credit Suisse Group AG (CS) Receives Consensus Rating of “Hold” from Analysts

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Shares of Credit Suisse Group AG (NYSE:CS) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.00.

Several equities analysts recently weighed in on CS shares. Zacks Investment Research upgraded Credit Suisse Group from a “sell” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, August 21st. JPMorgan Chase & Co. restated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, September 4th. ValuEngine downgraded Credit Suisse Group from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Barclays upgraded Credit Suisse Group from an “underweight” rating to a “hold” rating and set a $16.00 price objective on the stock in a research report on Monday, September 10th. Finally, Societe Generale restated a “hold” rating on shares of Credit Suisse Group in a research report on Friday, November 2nd.

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in Credit Suisse Group by 113.9% during the third quarter. Tower Research Capital LLC TRC now owns 8,554 shares of the financial services provider’s stock worth $128,000 after buying an additional 4,554 shares during the period. Zions Bancorporation purchased a new stake in Credit Suisse Group during the third quarter worth $131,000. Chilton Investment Co. LLC purchased a new stake in Credit Suisse Group during the second quarter worth $149,000. Rhumbline Advisers purchased a new stake in shares of Credit Suisse Group during the 3rd quarter valued at $151,000. Finally, Signaturefd LLC lifted its holdings in shares of Credit Suisse Group by 115.7% during the 2nd quarter. Signaturefd LLC now owns 13,075 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 7,014 shares during the last quarter. Institutional investors own 2.79% of the company’s stock.

Shares of Credit Suisse Group stock traded up $0.12 on Wednesday, reaching $11.01. The company’s stock had a trading volume of 121,933 shares, compared to its average volume of 4,915,429. The firm has a market cap of $27.96 billion, a price-to-earnings ratio of 20.39 and a beta of 1.38. Credit Suisse Group has a 52 week low of $10.82 and a 52 week high of $19.98. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 3.82.

Credit Suisse Group (NYSE:CS) last posted its earnings results on Thursday, November 1st. The financial services provider reported $0.16 EPS for the quarter. Credit Suisse Group had a positive return on equity of 4.77% and a negative net margin of 0.98%. The business had revenue of $4.97 billion during the quarter. On average, equities research analysts forecast that Credit Suisse Group will post 1.13 EPS for the current fiscal year.

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.

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Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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