Credit Suisse Group (NYSE:CS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Other equities research analysts have also issued research reports about the stock. Bank of America Corporation began coverage on shares of Credit Suisse Group in a research note on Monday, June 19th. They set a “buy” rating for the company. J P Morgan Chase & Co started coverage on shares of Credit Suisse Group in a report on Monday, June 26th. They set an “overweight” rating on the stock. Morgan Stanley restated a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, June 20th. ValuEngine upgraded shares of Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, Deutsche Bank AG upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a report on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.00.
Credit Suisse Group (CS) traded up 1.40% during mid-day trading on Friday, hitting $15.22. The stock had a trading volume of 5,316,167 shares. Credit Suisse Group has a one year low of $10.01 and a one year high of $16.17. The stock’s market cap is $31.71 billion. The firm’s 50-day moving average is $14.13 and its 200 day moving average is $14.86.
Credit Suisse Group (NYSE:CS) last issued its earnings results on Wednesday, April 26th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The company had revenue of $5.51 billion during the quarter. Credit Suisse Group had a negative net margin of 5.90% and a negative return on equity of 3.20%. Equities research analysts expect that Credit Suisse Group will post $1.08 EPS for the current year.
WARNING: This piece was originally reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/08/credit-suisse-group-nysecs-upgraded-at-bidaskclub.html.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. acquired a new position in Credit Suisse Group during the first quarter worth $148,000. Edge Wealth Management LLC acquired a new position in Credit Suisse Group during the first quarter worth $149,000. Greenleaf Trust acquired a new position in Credit Suisse Group during the first quarter worth $151,000. Two Sigma Securities LLC acquired a new position in Credit Suisse Group during the first quarter worth $153,000. Finally, United Capital Financial Advisers LLC increased its position in Credit Suisse Group by 17.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 11,841 shares of the financial services provider’s stock worth $169,000 after buying an additional 1,717 shares in the last quarter. Institutional investors and hedge funds own 2.83% of the company’s stock.
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.