Zacks Investment Research upgraded shares of Credit Suisse Group (NYSE:CS) from a sell rating to a hold rating in a research note published on Wednesday.
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. “
Other analysts also recently issued research reports about the stock. ValuEngine raised shares of Credit Suisse Group from a sell rating to a hold rating in a research note on Thursday, November 1st. Royal Bank of Canada downgraded shares of Credit Suisse Group from an outperform rating to a sector perform rating in a research note on Friday, November 23rd. Keefe, Bruyette & Woods downgraded shares of Credit Suisse Group from an outperform rating to a market perform rating in a research note on Wednesday, November 21st. Morgan Stanley downgraded shares of Credit Suisse Group from an overweight rating to an equal rating in a research note on Tuesday, November 27th. Finally, Societe Generale reaffirmed a hold rating on shares of Credit Suisse Group in a research note on Friday, November 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Credit Suisse Group currently has an average rating of Hold and an average target price of $16.50.
Shares of NYSE CS opened at $11.17 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 3.82. The stock has a market capitalization of $29.75 billion, a price-to-earnings ratio of 20.68 and a beta of 1.38. Credit Suisse Group has a 1 year low of $11.56 and a 1 year high of $19.98.
Several institutional investors have recently bought and sold shares of CS. Tower Research Capital LLC TRC raised its stake in shares of Credit Suisse Group by 113.9% during the third quarter. Tower Research Capital LLC TRC now owns 8,554 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 4,554 shares in the last quarter. Zions Bancorporation purchased a new position in Credit Suisse Group during the third quarter valued at approximately $131,000. Chilton Investment Co. LLC purchased a new position in Credit Suisse Group during the second quarter valued at approximately $149,000. Rhumbline Advisers purchased a new position in Credit Suisse Group during the third quarter valued at approximately $151,000. Finally, Signaturefd LLC increased its holdings in Credit Suisse Group by 115.7% during the second quarter. Signaturefd LLC now owns 13,075 shares of the financial services provider’s stock valued at $195,000 after buying an additional 7,014 shares during the period. 2.79% of the stock is owned by hedge funds and other institutional investors.
About Credit Suisse Group
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.
Read More: Marijuana Stocks Investing Considerations
Get a free copy of the Zacks research report on Credit Suisse Group (CS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Credit Suisse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse Group and related companies with MarketBeat.com's FREE daily email newsletter.