Credit Suisse Group (NYSE:CS)‘s stock had its “buy” rating reissued by equities researchers at Citigroup Inc. in a report released on Friday.

Other equities research analysts have also issued research reports about the stock. BidaskClub lowered shares of Credit Suisse Group from a “buy” rating to a “hold” rating in a report on Monday, July 24th. UBS AG reissued a “buy” rating on shares of Credit Suisse Group in a report on Tuesday. Bank of America Corporation initiated coverage on shares of Credit Suisse Group in a report on Monday, June 19th. They issued a “buy” rating for the company. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a report on Tuesday, July 18th. Finally, J P Morgan Chase & Co initiated coverage on shares of Credit Suisse Group in a report on Monday, June 26th. They issued an “overweight” rating for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $17.00.

Shares of Credit Suisse Group (CS) traded up 0.75% during mid-day trading on Friday, hitting $14.68. 2,888,788 shares of the stock were exchanged. The stock’s 50-day moving average price is $15.06 and its 200-day moving average price is $14.81. The company’s market cap is $37.48 billion. Credit Suisse Group has a 52-week low of $12.25 and a 52-week high of $16.17.

Credit Suisse Group (NYSE:CS) last posted its earnings results on Friday, July 28th. The financial services provider reported $0.13 earnings per share (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 firm had revenue of $5.28 billion during the quarter. Equities research analysts anticipate that Credit Suisse Group will post $1.08 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in CS. JFS Wealth Advisors LLC grew its holdings in shares of Credit Suisse Group by 5.0% in the second quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 338 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of Credit Suisse Group by 75.7% in the second quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 4,466 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of Credit Suisse Group in the first quarter valued at about $153,000. M&T Bank Corp purchased a new stake in shares of Credit Suisse Group in the second quarter valued at about $154,000. Finally, Fiera Capital Corp purchased a new stake in shares of Credit Suisse Group in the second quarter valued at about $164,000. 2.95% of the stock is owned by hedge funds and other institutional investors.

Credit Suisse Group Company Profile

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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