Credit Suisse Group (CS) Raised to “Outperform” at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Credit Suisse Group (NYSE:CS) from a sector perform rating to an outperform rating in a research report report published on Friday morning, MarketBeat.com reports.

Several other research firms have also recently commented on CS. Societe Generale raised Credit Suisse Group from a hold rating to a buy rating in a research report on Monday, September 11th. UBS AG reaffirmed a buy rating on shares of Credit Suisse Group in a research report on Tuesday, September 5th. Santander raised Credit Suisse Group from an underperform rating to a buy rating in a research report on Tuesday, September 26th. ValuEngine raised Credit Suisse Group from a sell rating to a hold rating in a research report on Tuesday, June 27th. Finally, BidaskClub cut Credit Suisse Group from a buy rating to a hold rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $16.50.

Shares of Credit Suisse Group (NYSE:CS) opened at 16.05 on Friday. The company’s market capitalization is $40.98 billion. Credit Suisse Group has a 1-year low of $12.34 and a 1-year high of $16.17. The stock’s 50 day moving average price is $15.25 and its 200-day moving average price is $14.85.

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

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A number of hedge funds have recently bought and sold shares of CS. Bank of New York Mellon Corp lifted its holdings in Credit Suisse Group by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 885,513 shares of the financial services provider’s stock valued at $13,141,000 after acquiring an additional 12,879 shares during the period. Comerica Bank lifted its holdings in Credit Suisse Group by 2.0% in the first quarter. Comerica Bank now owns 129,674 shares of the financial services provider’s stock valued at $1,992,000 after acquiring an additional 2,560 shares during the period. TD Asset Management Inc. lifted its holdings in Credit Suisse Group by 16.0% in the first quarter. TD Asset Management Inc. now owns 18,044 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 2,490 shares during the period. Ameriprise Financial Inc. lifted its holdings in Credit Suisse Group by 7.5% in the first quarter. Ameriprise Financial Inc. now owns 126,784 shares of the financial services provider’s stock valued at $1,881,000 after acquiring an additional 8,894 shares during the period. Finally, Blair William & Co. IL bought a new position in Credit Suisse Group in the first quarter valued at about $195,000. 2.94% of the

Several other research firms have also recently commented on CS. Societe Generale raised Credit Suisse Group from a hold rating to a buy rating in a research report on Monday, September 11th. UBS AG reaffirmed a buy rating on shares of Credit Suisse Group in a research report on Tuesday, September 5th. Santander raised Credit Suisse Group from an underperform rating to a buy rating in a research report on Tuesday, September 26th. ValuEngine raised Credit Suisse Group from a sell rating to a hold rating in a research report on Tuesday, June 27th. Finally, BidaskClub cut Credit Suisse Group from a buy rating to a hold rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $16.50.

Shares of Credit Suisse Group (NYSE:CS) opened at 16.05 on Friday. The company’s market capitalization is $40.98 billion. Credit Suisse Group has a 1-year low of $12.34 and a 1-year high of $16.17. The stock’s 50 day moving average price is $15.25 and its 200-day moving average price is $14.85.

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

ILLEGAL ACTIVITY NOTICE: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/credit-suisse-group-cs-raised-to-outperform-at-royal-bank-of-canada.html.

A number of hedge funds have recently bought and sold shares of CS. Bank of New York Mellon Corp lifted its holdings in Credit Suisse Group by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 885,513 shares of the financial services provider’s stock valued at $13,141,000 after acquiring an additional 12,879 shares during the period. Comerica Bank lifted its holdings in Credit Suisse Group by 2.0% in the first quarter. Comerica Bank now owns 129,674 shares of the financial services provider’s stock valued at $1,992,000 after acquiring an additional 2,560 shares during the period. TD Asset Management Inc. lifted its holdings in Credit Suisse Group by 16.0% in the first quarter. TD Asset Management Inc. now owns 18,044 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 2,490 shares during the period. Ameriprise Financial Inc. lifted its holdings in Credit Suisse Group by 7.5% in the first quarter. Ameriprise Financial Inc. now owns 126,784 shares of the financial services provider’s stock valued at $1,881,000 after acquiring an additional 8,894 shares during the period. Finally, Blair William & Co. IL bought a new position in Credit Suisse Group in the first quarter valued at about $195,000. 2.94% of the stock is currently owned by institutional investors.

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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