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

Credit Suisse Group AG (NYSE:CS) has been given an average recommendation of “Hold” by the ten brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $16.00.

A number of brokerages have weighed in on CS. Morgan Stanley downgraded Credit Suisse Group from an “overweight” rating to an “equal” rating in a report on Tuesday, November 27th. Royal Bank of Canada lowered Credit Suisse Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, November 23rd. Goldman Sachs Group reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Thursday, December 20th. Keefe, Bruyette & Woods lowered Credit Suisse Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 21st. Finally, Societe Generale reaffirmed a “hold” rating on shares of Credit Suisse Group in a research report on Friday, November 2nd.

Shares of CS stock traded up $0.04 on Friday, hitting $11.79. 137,468 shares of the stock were exchanged, compared to its average volume of 4,390,854. Credit Suisse Group has a fifty-two week low of $10.23 and a fifty-two week high of $19.98. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $29.55 billion, a P/E ratio of 21.86 and a beta of 1.27.



Credit Suisse Group (NYSE:CS) last released its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.16 earnings per share (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 company had revenue of $4.97 billion during the quarter. Equities analysts expect that Credit Suisse Group will post 0.99 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Balasa Dinverno & Foltz LLC raised its holdings in Credit Suisse Group by 15.9% during the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 32,805 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 4,506 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Credit Suisse Group by 113.9% in the third quarter. Tower Research Capital LLC TRC now owns 8,554 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 4,554 shares during the period. HPM Partners LLC increased its holdings in shares of Credit Suisse Group by 25.5% in the second quarter. HPM Partners LLC now owns 22,850 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 4,647 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Credit Suisse Group by 17.8% in the second quarter. PNC Financial Services Group Inc. now owns 32,364 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 4,898 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Credit Suisse Group by 3.2% in the third quarter. Bank of Montreal Can now owns 161,431 shares of the financial services provider’s stock worth $2,413,000 after purchasing an additional 4,953 shares during the period. Hedge funds and other institutional investors own 2.79% of the company’s stock.

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.

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Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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