Credit Suisse Group (NYSE:CS) was downgraded by research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a note issued to investors on Tuesday, Analyst Price Targets reports.
A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Credit Suisse Group in a report on Tuesday, February 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Credit Suisse Group in a report on Wednesday, March 17th. Kepler Capital Markets reaffirmed a “hold” rating on shares of Credit Suisse Group in a report on Tuesday, March 23rd. DZ Bank reissued a “buy” rating on shares of Credit Suisse Group in a research note on Monday, March 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Credit Suisse Group in a research note on Monday, March 29th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Credit Suisse Group has a consensus rating of “Hold” and a consensus target price of $11.25.
Shares of CS stock opened at $10.87 on Tuesday. The business’s 50 day moving average is $13.15 and its two-hundred day moving average is $12.34. Credit Suisse Group has a 12-month low of $7.33 and a 12-month high of $14.95. The company has a market capitalization of $26.61 billion, a P/E ratio of 6.84, a P/E/G ratio of 0.66 and a beta of 1.60. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.57.
A number of hedge funds and other institutional investors have recently made changes to their positions in CS. Dimensional Fund Advisors LP lifted its holdings in Credit Suisse Group by 25.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,353,367 shares of the financial services provider’s stock worth $42,923,000 after buying an additional 687,344 shares during the last quarter. Leuthold Group LLC purchased a new stake in Credit Suisse Group in the 4th quarter valued at approximately $3,914,000. Morgan Stanley boosted its holdings in Credit Suisse Group by 13.8% in the 3rd quarter. Morgan Stanley now owns 1,572,662 shares of the financial services provider’s stock valued at $15,679,000 after purchasing an additional 191,273 shares in the last quarter. Causeway Capital Management LLC purchased a new stake in Credit Suisse Group in the 4th quarter valued at approximately $2,188,000. Finally, US Bancorp DE boosted its holdings in Credit Suisse Group by 143.0% in the 4th quarter. US Bancorp DE now owns 287,067 shares of the financial services provider’s stock valued at $3,675,000 after purchasing an additional 168,951 shares in the last quarter. 2.07% of the stock is owned by institutional investors.
Credit Suisse Group Company Profile
Credit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific. 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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