Credit Suisse Group AG (NYSE:CS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Credit Suisse Group AG (NYSE:CS) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.00.

Several equities research analysts have issued reports on the stock. UBS Group restated a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, October 15th. Zacks Investment Research upgraded shares of Credit Suisse Group from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, January 3rd. Redburn Partners upgraded shares of Credit Suisse Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. ValuEngine upgraded shares of Credit Suisse Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 24th. Finally, Goldman Sachs Group restated a “buy” rating on shares of Credit Suisse Group in a research report on Monday, November 4th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its holdings in shares of Credit Suisse Group by 10.1% during the third quarter. Parametric Portfolio Associates LLC now owns 3,686,938 shares of the financial services provider’s stock worth $45,018,000 after purchasing an additional 339,501 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of Credit Suisse Group by 1,795.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,227,934 shares of the financial services provider’s stock worth $14,698,000 after purchasing an additional 1,163,163 shares during the period. Royal Bank of Canada increased its holdings in shares of Credit Suisse Group by 144.5% during the second quarter. Royal Bank of Canada now owns 470,495 shares of the financial services provider’s stock worth $5,632,000 after purchasing an additional 278,074 shares during the period. SG Americas Securities LLC increased its holdings in shares of Credit Suisse Group by 27.1% during the third quarter. SG Americas Securities LLC now owns 396,082 shares of the financial services provider’s stock worth $4,836,000 after purchasing an additional 84,393 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Credit Suisse Group by 53.9% during the second quarter. Jane Street Group LLC now owns 249,968 shares of the financial services provider’s stock worth $2,992,000 after purchasing an additional 87,551 shares during the period. 2.64% of the stock is currently owned by institutional investors.

NYSE:CS traded up $0.02 during mid-day trading on Thursday, hitting $13.94. The stock had a trading volume of 29,484 shares, compared to its average volume of 1,573,934. Credit Suisse Group has a twelve month low of $10.94 and a twelve month high of $14.12. The stock has a market cap of $34.88 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 0.48 and a beta of 1.43. The company’s 50 day simple moving average is $13.38 and its 200 day simple moving average is $12.50. The company has a debt-to-equity ratio of 3.51, a quick ratio of 1.35 and a current ratio of 1.35.

Credit Suisse Group (NYSE:CS) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter. Credit Suisse Group had a net margin of 8.24% and a return on equity of 6.42%. The business had revenue of $5.40 billion during the quarter. As a group, equities analysts forecast that Credit Suisse Group will post 1.19 earnings per share for the current year.

About Credit Suisse Group

Credit Suisse Group AG, through its subsidiaries, provides various financial services worldwide. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets segments. The company offers private banking and wealth management solutions, including advisory, investment, financial planning, succession planning, and trust services; and financing and lending, and multi-shore platform solutions.

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Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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