Zacks Investment Research upgraded shares of Credit Suisse Group (NYSE:CS) from a hold rating to a buy rating in a research note published on Wednesday, January 17th. They currently have $21.00 target price on the financial services provider’s stock.
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. “
Several other analysts also recently commented on the stock. Santander raised shares of Credit Suisse Group from an underperform rating to a buy rating in a report on Tuesday, September 26th. Barclays initiated coverage on shares of Credit Suisse Group in a report on Tuesday, January 16th. They set an underweight rating on the stock. Royal Bank of Canada raised shares of Credit Suisse Group from a sector perform rating to an outperform rating in a report on Friday, October 6th. Citigroup reaffirmed a buy rating on shares of Credit Suisse Group in a report on Friday, December 1st. Finally, Macquarie raised shares of Credit Suisse Group from an underperform rating to a neutral rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $22.00.
Credit Suisse Group (CS) traded up $0.06 during midday trading on Wednesday, hitting $17.62. 4,370,000 shares of the company traded hands, compared to its average volume of 3,680,000. The company has a debt-to-equity ratio of 4.09, a quick ratio of 1.41 and a current ratio of 1.41. Credit Suisse Group has a 1 year low of $13.28 and a 1 year high of $19.98. The company has a market cap of $44,490.00, a price-to-earnings ratio of -23.18 and a beta of 1.40.
A number of institutional investors have recently added to or reduced their stakes in CS. Zions Bancorporation boosted its stake in Credit Suisse Group by 2,018.8% during the third quarter. Zions Bancorporation now owns 7,543 shares of the financial services provider’s stock worth $119,000 after buying an additional 7,187 shares during the period. FNY Managed Accounts LLC purchased a new position in shares of Credit Suisse Group in the third quarter valued at approximately $121,000. Quadrant Capital Group LLC boosted its stake in shares of Credit Suisse Group by 75.7% in the second quarter. Quadrant Capital Group LLC now owns 10,367 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 4,466 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of Credit Suisse Group in the third quarter valued at approximately $145,000. Finally, M&T Bank Corp purchased a new position in shares of Credit Suisse Group in the second quarter valued at approximately $154,000. Hedge funds and other institutional investors own 2.81% of the company’s stock.
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Credit Suisse Group Company Profile
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.
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