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

Credit Suisse Group AG (NYSE:CS) has received an average rating of “Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have issued a buy recommendation on the company.

A number of equities research analysts have issued reports on CS shares. UBS Group reissued a “buy” rating on shares of Credit Suisse Group in a research note on Monday, December 11th. Goldman Sachs Group reissued a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday, December 5th. Citigroup reissued a “buy” rating on shares of Credit Suisse Group in a research note on Friday, December 1st. JPMorgan Chase & Co. reissued a “buy” rating on shares of Credit Suisse Group in a research note on Monday, November 20th. Finally, Santander raised shares of Credit Suisse Group from an “underperform” rating to a “buy” rating in a research note on Tuesday, September 26th.

Credit Suisse Group (NYSE:CS) traded up $0.13 during trading on Friday, reaching $19.06. 2,601,476 shares of the company were exchanged, compared to its average volume of 2,019,877. The firm has a market cap of $48,385.31, a price-to-earnings ratio of -30.25 and a beta of 1.51. Credit Suisse Group has a 1 year low of $13.28 and a 1 year high of $19.08. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 4.09.

Credit Suisse Group (NYSE:CS) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. Credit Suisse Group had a negative net margin of 3.80% and a negative return on equity of 2.45%. equities analysts expect that Credit Suisse Group will post -0.15 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation raised its holdings in shares of Credit Suisse Group by 2,018.8% during the 3rd quarter. Zions Bancorporation now owns 7,543 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 7,187 shares in the last quarter. FNY Managed Accounts LLC bought a new position in shares of Credit Suisse Group during the 3rd quarter valued at $121,000. Valeo Financial Advisors LLC bought a new position in shares of Credit Suisse Group during the 3rd quarter valued at $145,000. Quadrant Capital Group LLC raised its holdings in shares of Credit Suisse Group by 75.7% during the 2nd 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 in the last quarter. Finally, M&T Bank Corp bought a new position in shares of Credit Suisse Group during the 2nd quarter valued at $154,000. Institutional investors and hedge funds own 2.84% of the company’s stock.

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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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