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

Credit Suisse Group (NYSE:CS) has received a consensus recommendation of “Buy” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating on the company.

Several equities research analysts have recently weighed in on CS shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Thursday, July 20th. Zacks Investment Research downgraded Credit Suisse Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. ValuEngine raised Credit Suisse Group from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Societe Generale raised Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Finally, Royal Bank Of Canada raised Credit Suisse Group from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 6th.

Several large investors have recently added to or reduced their stakes in the stock. Earnest Partners LLC lifted its stake in shares of Credit Suisse Group by 19.9% in the second quarter. Earnest Partners LLC now owns 7,137,108 shares of the financial services provider’s stock worth $104,202,000 after acquiring an additional 1,185,069 shares in the last quarter. Brandes Investment Partners LP lifted its stake in shares of Credit Suisse Group by 8.3% in the second quarter. Brandes Investment Partners LP now owns 6,781,049 shares of the financial services provider’s stock worth $99,003,000 after acquiring an additional 519,038 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Credit Suisse Group by 18.7% in the first quarter. Bank of America Corp DE now owns 6,210,880 shares of the financial services provider’s stock worth $92,170,000 after acquiring an additional 976,525 shares in the last quarter. Morgan Stanley lifted its stake in shares of Credit Suisse Group by 265.7% in the first quarter. Morgan Stanley now owns 5,037,858 shares of the financial services provider’s stock worth $74,761,000 after acquiring an additional 3,660,158 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Credit Suisse Group by 131.0% in the second quarter. Sei Investments Co. now owns 2,745,869 shares of the financial services provider’s stock worth $40,089,000 after acquiring an additional 1,557,160 shares in the last quarter. Institutional investors and hedge funds own 2.94% of the company’s stock.

Credit Suisse Group (CS) traded down 0.57% during trading on Thursday, reaching $15.72. The company had a trading volume of 1,853,934 shares. The company’s market capitalization is $40.14 billion. Credit Suisse Group has a 12 month low of $12.34 and a 12 month high of $16.17. The firm’s 50 day moving average is $15.33 and its 200-day moving average is $14.87.

Credit Suisse Group (NYSE:CS) last posted its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.05). Credit Suisse Group had a negative net margin of 4.84% and a negative return on equity of 2.93%. The firm had revenue of $5.28 billion for the quarter. On average, equities analysts expect that Credit Suisse Group will post $1.08 earnings per share for the current year.

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About Credit Suisse Group

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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