Credit Suisse Group (NYSE:CS) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Credit Suisse Group (NYSE:CS) from a hold rating to a strong-buy rating in a report published on Tuesday, Zacks.com reports. Zacks Investment Research currently has $15.00 price target 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. “

CS has been the subject of a number of other reports. Exane BNP Paribas upgraded shares of Credit Suisse Group from a neutral rating to an outperform rating in a research note on Friday, August 30th. Deutsche Bank reiterated a buy rating on shares of Credit Suisse Group in a research note on Friday, August 30th. BNP Paribas upgraded shares of Credit Suisse Group from a neutral rating to an outperform rating in a research note on Friday, August 30th. BMO Capital Markets started coverage on shares of Credit Suisse Group in a research note on Friday, July 5th. They issued a market perform rating for the company. Finally, ValuEngine lowered shares of Credit Suisse Group from a hold rating to a sell rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $15.00.

Shares of CS stock opened at $12.82 on Tuesday. The company has a 50 day moving average of $11.85 and a 200-day moving average of $12.06. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 3.60. Credit Suisse Group has a 12-month low of $10.23 and a 12-month high of $15.99. The firm has a market cap of $32.05 billion, a P/E ratio of 15.26, a PEG ratio of 0.55 and a beta of 1.40.

Credit Suisse Group (NYSE:CS) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Credit Suisse Group had a net margin of 7.09% and a return on equity of 5.46%. The company had revenue of $5.57 billion during the quarter. As a group, equities analysts expect that Credit Suisse Group will post 1.34 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in CS. Renaissance Technologies LLC grew its stake in Credit Suisse Group by 30.7% in the 2nd quarter. Renaissance Technologies LLC now owns 9,349,796 shares of the financial services provider’s stock valued at $111,917,000 after buying an additional 2,197,200 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in Credit Suisse Group by 1,795.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,227,934 shares of the financial services provider’s stock valued at $14,698,000 after buying an additional 1,163,163 shares in the last quarter. Brandes Investment Partners LP grew its stake in Credit Suisse Group by 14.1% in the 1st quarter. Brandes Investment Partners LP now owns 4,319,351 shares of the financial services provider’s stock valued at $50,321,000 after buying an additional 532,324 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Credit Suisse Group by 13.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,347,437 shares of the financial services provider’s stock valued at $40,069,000 after buying an additional 408,638 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Credit Suisse Group by 144.5% in the 2nd quarter. Royal Bank of Canada now owns 470,495 shares of the financial services provider’s stock valued at $5,632,000 after buying an additional 278,074 shares in the last quarter. Institutional investors and hedge funds own 2.63% of the company’s stock.

About Credit Suisse Group

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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