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.
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.
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