Zacks Investment Research upgraded shares of Credit Suisse Group (NYSE:CS) from a sell rating to a hold rating in a report released on Tuesday morning.
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. “
A number of other equities analysts have also recently commented on CS. ValuEngine raised shares of Credit Suisse Group from a sell rating to a hold rating in a report on Thursday, November 1st. Deutsche Bank reaffirmed a buy rating on shares of Credit Suisse Group in a report on Wednesday, August 1st. Societe Generale reaffirmed a hold rating on shares of Credit Suisse Group in a report on Friday, November 2nd. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Credit Suisse Group in a report on Tuesday, September 4th. Finally, Barclays raised shares of Credit Suisse Group from an underweight rating to a hold rating and set a $16.00 target price on the stock in a report on Monday, September 10th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $16.50.
Shares of NYSE:CS traded down $0.07 during trading on Tuesday, hitting $12.83. 3,034,353 shares of the company were exchanged, compared to its average volume of 4,183,769. The company has a market capitalization of $33.36 billion, a PE ratio of 23.76 and a beta of 1.37. Credit Suisse Group has a 12-month low of $12.24 and a 12-month high of $19.98. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 3.82.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC grew its stake in shares of Credit Suisse Group by 4.4% during the 2nd quarter. Fisher Asset Management LLC now owns 718,028 shares of the financial services provider’s stock worth $10,684,000 after purchasing an additional 29,944 shares during the period. Confluence Investment Management LLC acquired a new position in shares of Credit Suisse Group during the 2nd quarter worth $1,657,000. Atria Investments LLC acquired a new position in shares of Credit Suisse Group during the 2nd quarter worth $215,000. AMG National Trust Bank grew its stake in shares of Credit Suisse Group by 2.2% during the 2nd quarter. AMG National Trust Bank now owns 196,762 shares of the financial services provider’s stock worth $2,928,000 after purchasing an additional 4,316 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Credit Suisse Group by 94.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 209,622 shares of the financial services provider’s stock worth $3,119,000 after purchasing an additional 101,588 shares during the period. 2.80% of the stock is currently owned by institutional investors.
Credit Suisse Group Company Profile
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.
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