Credit Suisse Group AG (NYSE:CS) has been given an average recommendation of “Hold” by the eleven research firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $16.00.
CS has been the subject of several research analyst reports. Zacks Investment Research raised Credit Suisse Group from a “sell” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, April 17th. Keefe, Bruyette & Woods lowered Credit Suisse Group from a “market perform” rating to an “underperform” rating in a report on Tuesday, March 12th. Berenberg Bank raised Credit Suisse Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. JPMorgan Chase & Co. lowered Credit Suisse Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, March 13th. Finally, ValuEngine lowered Credit Suisse Group from a “hold” rating to a “sell” rating in a report on Saturday, March 30th.
NYSE CS traded up $0.06 during trading hours on Friday, hitting $11.92. 1,325,030 shares of the company were exchanged, compared to its average volume of 3,194,614. The company has a market cap of $30.31 billion, a price-to-earnings ratio of 14.89 and a beta of 1.37. Credit Suisse Group has a 52-week low of $10.23 and a 52-week high of $17.03. The company has a debt-to-equity ratio of 3.65, a current ratio of 1.36 and a quick ratio of 1.36.
Large investors have recently modified their holdings of the stock. Cornerstone Advisors Inc. boosted its holdings in Credit Suisse Group by 134.4% in the first quarter. Cornerstone Advisors Inc. now owns 2,154 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,235 shares in the last quarter. Private Capital Group LLC boosted its holdings in Credit Suisse Group by 213.1% in the first quarter. Private Capital Group LLC now owns 2,317 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,577 shares in the last quarter. Cresset Asset Management LLC bought a new stake in Credit Suisse Group in the first quarter worth $27,000. We Are One Seven LLC bought a new stake in Credit Suisse Group in the fourth quarter worth $29,000. Finally, Covenant Multifamily Offices LLC bought a new stake in Credit Suisse Group in the first quarter worth $40,000. Hedge funds and other institutional investors own 2.65% of the company’s stock.
Credit Suisse Group Company Profile
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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