Credit Suisse Group (CS) Given Average Rating of “Buy” by Brokerages

Credit Suisse Group (NYSE:CS) has been assigned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $17.00.

A number of equities research analysts recently commented on CS shares. Deutsche Bank AG restated a “buy” rating on shares of Credit Suisse Group in a research report on Thursday, July 20th. Zacks Investment Research upgraded shares of Credit Suisse Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 27th. ValuEngine upgraded shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Societe Generale upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Finally, BidaskClub downgraded shares of Credit Suisse Group from a “hold” rating to a “sell” rating in a research report on Monday, August 14th.

Shares of Credit Suisse Group (NYSE CS) traded up 0.19% during trading on Friday, hitting $15.44. The company had a trading volume of 2,729,647 shares. The stock’s 50-day moving average is $15.05 and its 200 day moving average is $14.81. Credit Suisse Group has a 52-week low of $12.25 and a 52-week high of $16.17. The firm’s market capitalization is $39.46 billion.

Credit Suisse Group (NYSE:CS) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.05). The firm had revenue of $5.28 billion during the quarter. Credit Suisse Group had a negative net margin of 4.84% and a negative return on equity of 2.93%. Equities research analysts predict that Credit Suisse Group will post $1.08 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of CS. Morgan Stanley lifted its position in shares of Credit Suisse Group by 265.7% during the 1st quarter. Morgan Stanley now owns 5,037,858 shares of the financial services provider’s stock valued at $74,761,000 after acquiring an additional 3,660,158 shares during the period. Sei Investments Co. lifted its position in shares of Credit Suisse Group by 131.0% during the 2nd quarter. Sei Investments Co. now owns 2,745,869 shares of the financial services provider’s stock valued at $40,089,000 after acquiring an additional 1,557,160 shares during the period. Earnest Partners LLC lifted its position in shares of Credit Suisse Group by 19.9% during the 2nd quarter. Earnest Partners LLC now owns 7,137,108 shares of the financial services provider’s stock valued at $104,202,000 after acquiring an additional 1,185,069 shares during the period. Bank of America Corp DE lifted its position in shares of Credit Suisse Group by 18.7% during the 1st quarter. Bank of America Corp DE now owns 6,210,880 shares of the financial services provider’s stock valued at $92,170,000 after acquiring an additional 976,525 shares during the period. Finally, Brandes Investment Partners LP lifted its position in shares of Credit Suisse Group by 8.3% during the 2nd quarter. Brandes Investment Partners LP now owns 6,781,049 shares of the financial services provider’s stock valued at $99,003,000 after acquiring an additional 519,038 shares during the period. Institutional investors own 2.95% of the company’s stock.

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About Credit Suisse Group

Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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