Credit Suisse Group (CS) Downgraded by ValuEngine

ValuEngine cut shares of Credit Suisse Group (NYSE:CS) from a hold rating to a sell rating in a research report released on Wednesday morning.

Several other brokerages also recently issued reports on CS. Zacks Investment Research downgraded Credit Suisse Group from a buy rating to a hold rating in a research report on Tuesday, January 9th. Barclays started coverage on Credit Suisse Group in a research report on Tuesday, January 16th. They set an underweight rating for the company. Societe Generale upgraded Credit Suisse Group from a hold rating to a buy rating in a research report on Thursday, February 15th. Goldman Sachs reiterated a buy rating on shares of Credit Suisse Group in a report on Tuesday, December 5th. Finally, JPMorgan Chase reiterated a buy rating on shares of Credit Suisse Group in a report on Wednesday, March 7th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $21.00.

Shares of Credit Suisse Group stock opened at $16.16 on Wednesday. The company has a debt-to-equity ratio of 4.10, a current ratio of 1.39 and a quick ratio of 1.39. 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 $42,148.64, a P/E ratio of 29.93 and a beta of 1.44.

Credit Suisse Group (NYSE:CS) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter. Credit Suisse Group had a positive return on equity of 3.24% and a negative net margin of 3.14%. The firm had revenue of $5.26 billion during the quarter. analysts forecast that Credit Suisse Group will post 1.29 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Aperio Group LLC raised its holdings in Credit Suisse Group by 7.0% in the 4th quarter. Aperio Group LLC now owns 983,295 shares of the financial services provider’s stock valued at $17,552,000 after acquiring an additional 64,171 shares during the last quarter. Capital Fund Management S.A. raised its holdings in Credit Suisse Group by 49.8% in the 4th quarter. Capital Fund Management S.A. now owns 364,694 shares of the financial services provider’s stock valued at $6,510,000 after acquiring an additional 121,316 shares during the last quarter. Jane Street Group LLC raised its holdings in Credit Suisse Group by 555.7% in the 3rd quarter. Jane Street Group LLC now owns 194,189 shares of the financial services provider’s stock valued at $3,068,000 after acquiring an additional 164,574 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in Credit Suisse Group by 97.0% in the 3rd quarter. First Republic Investment Management Inc. now owns 88,177 shares of the financial services provider’s stock valued at $1,393,000 after acquiring an additional 43,411 shares during the last quarter. Finally, FDx Advisors Inc. raised its holdings in Credit Suisse Group by 42.3% in the 4th quarter. FDx Advisors Inc. now owns 79,843 shares of the financial services provider’s stock valued at $1,425,000 after acquiring an additional 23,716 shares during the last quarter. Institutional investors own 3.00% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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