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Goldman Sachs Group reaffirmed their buy rating on shares of Credit Suisse Group (NYSE:CS) in a research report released on Tuesday.
CS has been the topic of several other reports. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Credit Suisse Group in a research report on Tuesday, September 4th. Morgan Stanley lowered Credit Suisse Group from an overweight rating to an equal rating in a research report on Tuesday, November 27th. Zacks Investment Research raised Credit Suisse Group from a sell rating to a hold rating in a research report on Wednesday, December 5th. Societe Generale reaffirmed a hold rating on shares of Credit Suisse Group in a research report on Friday, November 2nd. Finally, ValuEngine raised Credit Suisse Group from a sell rating to a hold rating in a research report on Thursday, November 1st. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $16.50. Get Credit Suisse Group alerts:
Shares of NYSE CS opened at $11.31 on Tuesday. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market cap of $27.76 billion, a P/E ratio of 20.94 and a beta of 1.26. Credit Suisse Group has a 1-year low of $10.23 and a 1-year high of $19.98. Credit Suisse Group (NYSE:CS) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.16 earnings per share for the quarter. The firm had revenue of $4.97 billion during the quarter. Credit Suisse Group had a positive return on equity of 4.77% and a negative net margin of 0.98%. As a group, equities analysts forecast that Credit Suisse Group will post 1.13 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in CS. Pinebridge Investments L.P. acquired a new position in Credit Suisse Group during the 2nd quarter valued at about $1,003,000. PNC Financial Services Group Inc. increased its holdings in shares of Credit Suisse Group by 17.8% in the second quarter. PNC Financial Services Group Inc. now owns 32,364 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 4,898 shares during the period. CSat Investment Advisory L.P. acquired a new position in shares of Credit Suisse Group in the second quarter valued at about $887,000. Tocqueville Asset Management L.P. increased its holdings in shares of Credit Suisse Group by 6.9% in the second quarter. Tocqueville Asset Management L.P. now owns 1,829,259 shares of the financial services provider’s stock valued at $27,219,000 after purchasing an additional 117,600 shares during the period. Finally, First Republic Investment Management Inc. increased its holdings in shares of Credit Suisse Group by 28.1% in the second quarter. First Republic Investment Management Inc. now owns 196,821 shares of the financial services provider’s stock valued at $2,929,000 after purchasing an additional 43,154 shares during the period. 2.79% of the stock is currently owned by institutional investors.
About Credit Suisse Group
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. Credit Suisse Group Credit Suisse Group
