Credit Suisse Group (NYSE:CS) was upgraded by investment analysts at UBS Group from a "neutral" rating to a "buy" rating in a report released on Tuesday, Benzinga reports.
A number of other equities research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Credit Suisse Group in a research report on Thursday, April 15th. Bank of America reiterated an "underperform" rating on shares of Credit Suisse Group in a research report on Tuesday, April 13th. DZ Bank reiterated a "neutral" rating on shares of Credit Suisse Group in a research report on Tuesday, April 6th. JPMorgan Chase & Co. lowered Credit Suisse Group from an "overweight" rating to a "neutral" rating in a research report on Tuesday, April 6th. Finally, Societe Generale restated a "hold" rating on shares of Credit Suisse Group in a research note on Friday, April 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of "Hold" and a consensus target price of $14.00.
CS opened at $10.61 on Tuesday. The stock's 50 day simple moving average is $11.37 and its 200 day simple moving average is $12.40. The company has a debt-to-equity ratio of 3.57, a current ratio of 1.35 and a quick ratio of 1.35. Credit Suisse Group has a 1 year low of $7.33 and a 1 year high of $14.95. The firm has a market cap of $25.97 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.66 and a beta of 1.60.
Credit Suisse Group (NYSE:CS) last posted its quarterly earnings results on Thursday, February 18th. The financial services provider reported ($0.17) earnings per share (EPS) for the quarter. Credit Suisse Group had a return on equity of 8.32% and a net margin of 11.83%. The company had revenue of $5.78 billion for the quarter. As a group, sell-side analysts anticipate that Credit Suisse Group will post 1.63 EPS for the current year.
Large investors have recently made changes to their positions in the business. Fieldpoint Private Securities LLC purchased a new position in Credit Suisse Group during the fourth quarter valued at $41,000. Virtu Financial LLC purchased a new position in Credit Suisse Group during the third quarter valued at $119,000. CAPROCK Group Inc. raised its stake in Credit Suisse Group by 8.1% during the fourth quarter. CAPROCK Group Inc. now owns 10,830 shares of the financial services provider's stock valued at $139,000 after buying an additional 810 shares during the last quarter. Guggenheim Capital LLC purchased a new position in Credit Suisse Group during the fourth quarter valued at $143,000. Finally, Rhumbline Advisers raised its stake in Credit Suisse Group by 10.4% during the fourth quarter. Rhumbline Advisers now owns 11,317 shares of the financial services provider's stock valued at $145,000 after buying an additional 1,070 shares during the last quarter. Institutional investors and hedge funds own 2.07% of the company's stock.
Credit Suisse Group Company Profile
Credit Suisse Group AG, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific. 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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