Credit Suisse Group (NYSE:CS) Shares Gap Down to $10.15

Credit Suisse Group AG (NYSE:CS) shares gapped down before the market opened on Monday . The stock had previously closed at $10.15, but opened at $9.52. Credit Suisse Group shares last traded at $9.42, with a volume of 531,082 shares traded.

Several equities research analysts have weighed in on CS shares. Royal Bank of Canada reiterated a “sector perform” rating on shares of Credit Suisse Group in a report on Friday, July 30th. Morgan Stanley set a $10.15 target price on Credit Suisse Group and gave the company an “equal weight” rating in a research note on Monday, July 12th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Credit Suisse Group in a research note on Friday. TheStreet cut Credit Suisse Group from a “c-” rating to a “d” rating in a research note on Thursday, August 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, July 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.26.

The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 3.88. The company has a market cap of $24.78 billion, a P/E ratio of 145.02, a price-to-earnings-growth ratio of 3.42 and a beta of 1.41. The company has a fifty day moving average of $10.30 and a 200 day moving average of $10.82.

Credit Suisse Group (NYSE:CS) last issued its quarterly earnings data on Thursday, July 29th. The financial services provider reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.11). Credit Suisse Group had a return on equity of 0.42% and a net margin of 0.63%. As a group, research analysts forecast that Credit Suisse Group AG will post 0.68 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Twin Tree Management LP purchased a new position in Credit Suisse Group during the second quarter valued at $30,000. Fifth Third Bancorp lifted its position in shares of Credit Suisse Group by 365.6% in the first quarter. Fifth Third Bancorp now owns 4,172 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 3,276 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Credit Suisse Group by 27.3% in the first quarter. Bank of Montreal Can now owns 6,274 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 1,345 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Credit Suisse Group by 29.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,625 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,495 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Credit Suisse Group by 2,474.1% in the second quarter. Rockefeller Capital Management L.P. now owns 6,770 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 6,507 shares in the last quarter. Institutional investors own 3.32% of the company’s stock.

Credit Suisse Group Company Profile (NYSE:CS)

Credit Suisse Group AG is holding company, which engages in the provision of financial services. It operates through the following segments: Swiss Universal Bank; International Wealth Management; Asia Pacific; and Investment Banking and Capital Markets. The Swiss Universal Bank segment offers comprehensive advice and financial solutions to private, corporate, and institutional clients in Switzerland.

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