Credit Suisse Group (CS) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Credit Suisse Group (NYSE:CS) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

According to Zacks, “CREDIT SUISSE GROUP and Winterthur offer investment products, private banking and financial advisory services, as well as insurance and pension solutions. Credit Suisse First Boston provides securities underwriting, sales and trading, financial advisory, investment research, venture capital and asset management services. Because they specialize in gaining a deep understanding of their clients’ financial needs, they know that no one’s needs are two-dimensional. 360° Choice. “

Other analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Credit Suisse Group from a hold rating to a sell rating in a report on Friday, September 7th. JPMorgan Chase & Co. reissued a buy rating on shares of Credit Suisse Group in a report on Tuesday, September 4th. Barclays raised shares of Credit Suisse Group from an underweight rating to a hold rating and set a $16.00 price objective for the company in a report on Monday, September 10th. Societe Generale reissued a hold rating on shares of Credit Suisse Group in a report on Friday, November 2nd. Finally, Keefe, Bruyette & Woods downgraded shares of Credit Suisse Group from an outperform rating to a market perform rating in a report on Wednesday, November 21st. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Credit Suisse Group currently has a consensus rating of Hold and an average price target of $16.50.

Shares of CS stock opened at $11.11 on Wednesday. The stock has a market cap of $28.96 billion, a P/E ratio of 20.57 and a beta of 1.38. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 3.82. Credit Suisse Group has a 52 week low of $11.04 and a 52 week high of $19.98.

Credit Suisse Group (NYSE:CS) last announced its earnings results on Thursday, November 1st. The financial services provider reported $0.16 EPS for the quarter. The business had revenue of $4.97 billion during the quarter. Credit Suisse Group had a negative net margin of 0.98% and a positive return on equity of 4.77%. On average, research analysts forecast that Credit Suisse Group will post 1.13 EPS for the current year.

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its position in shares of Credit Suisse Group by 8.3% in the 3rd quarter. Renaissance Technologies LLC now owns 4,515,988 shares of the financial services provider’s stock valued at $67,469,000 after buying an additional 344,200 shares in the last quarter. Northern Trust Corp raised its position in shares of Credit Suisse Group by 2.7% in the 2nd quarter. Northern Trust Corp now owns 2,538,736 shares of the financial services provider’s stock valued at $37,776,000 after buying an additional 66,330 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of Credit Suisse Group by 3.2% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 1,887,354 shares of the financial services provider’s stock valued at $28,197,000 after buying an additional 58,095 shares in the last quarter. Eaton Vance Management raised its position in shares of Credit Suisse Group by 17.9% in the 3rd quarter. Eaton Vance Management now owns 1,333,509 shares of the financial services provider’s stock valued at $19,922,000 after buying an additional 202,909 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Credit Suisse Group by 252.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,308,059 shares of the financial services provider’s stock valued at $19,542,000 after buying an additional 936,895 shares in the last quarter. Institutional investors own 2.79% of the company’s stock.

Credit Suisse Group Company Profile

Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. 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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