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

Shares of Credit Suisse Group AG (NYSE:CS) have received a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $22.00.

Several brokerages have issued reports on CS. Morgan Stanley reissued a “buy” rating on shares of Credit Suisse Group in a research note on Tuesday. Zacks Investment Research raised Credit Suisse Group from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, January 23rd. Barclays assumed coverage on Credit Suisse Group in a research report on Tuesday, January 16th. They set an “underweight” rating on the stock. Societe Generale lowered Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, UBS Group reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Monday, December 11th.

Large investors have recently modified their holdings of the company. Earnest Partners LLC grew its holdings in Credit Suisse Group by 6.3% during the third quarter. Earnest Partners LLC now owns 7,588,346 shares of the financial services provider’s stock worth $119,896,000 after buying an additional 451,238 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Credit Suisse Group by 14.1% during the third quarter. Parametric Portfolio Associates LLC now owns 2,057,652 shares of the financial services provider’s stock worth $32,511,000 after buying an additional 254,174 shares in the last quarter. Northern Trust Corp grew its holdings in Credit Suisse Group by 1.0% during the second quarter. Northern Trust Corp now owns 1,982,008 shares of the financial services provider’s stock worth $28,937,000 after buying an additional 18,880 shares in the last quarter. Tocqueville Asset Management L.P. grew its holdings in Credit Suisse Group by 10.9% during the fourth quarter. Tocqueville Asset Management L.P. now owns 1,579,080 shares of the financial services provider’s stock worth $28,187,000 after buying an additional 155,548 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Credit Suisse Group by 2.5% during the fourth quarter. Sei Investments Co. now owns 1,566,831 shares of the financial services provider’s stock worth $27,968,000 after buying an additional 38,400 shares in the last quarter. 2.81% of the stock is currently owned by institutional investors.

Shares of Credit Suisse Group (NYSE:CS) traded up $0.75 on Wednesday, reaching $18.43. The company’s stock had a trading volume of 3,226,375 shares, compared to its average volume of 3,802,167. Credit Suisse Group has a 12-month low of $13.28 and a 12-month high of $19.98. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $45,036.93, a price-to-earnings ratio of -29.16 and a beta of 1.40.

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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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