Credit Suisse Group (NYSE:CS - Get Rating) was downgraded by investment analysts at Redburn Partners from a "neutral" rating to a "sell" rating in a research report issued to clients and investors on Thursday, The Fly reports.
CS has been the topic of a number of other reports. Morgan Stanley reduced their price objective on shares of Credit Suisse Group from CHF 10.50 to CHF 9.50 and set an "equal weight" rating on the stock in a research note on Thursday, April 21st. JPMorgan Chase & Co. raised their price target on shares of Credit Suisse Group from CHF 6.60 to CHF 6.80 and gave the company an "underweight" rating in a research note on Thursday, May 19th. The Goldman Sachs Group assumed coverage on shares of Credit Suisse Group in a research note on Wednesday, March 30th. They issued a "neutral" rating on the stock. Citigroup reduced their price target on shares of Credit Suisse Group from CHF 9.40 to CHF 8 and set a "buy" rating on the stock in a research note on Monday, May 16th. Finally, StockNews.com began coverage on shares of Credit Suisse Group in a report on Thursday, March 31st. They issued a "hold" rating for the company. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Credit Suisse Group presently has an average rating of "Hold" and a consensus price target of $8.18.
Shares of Credit Suisse Group stock traded down $0.25 on Thursday, hitting $5.67. The company had a trading volume of 217,993 shares, compared to its average volume of 17,368,130. The firm has a market capitalization of $15.03 billion, a P/E ratio of -8.10 and a beta of 1.39. Credit Suisse Group has a twelve month low of $5.65 and a twelve month high of $11.04. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a 50-day moving average of $6.74 and a 200-day moving average of $8.17.
Credit Suisse Group (NYSE:CS - Get Rating) last announced its earnings results on Wednesday, April 27th. The financial services provider reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.29). Credit Suisse Group had a negative return on equity of 0.63% and a negative net margin of 6.95%. The business had revenue of $4.78 billion for the quarter, compared to analyst estimates of $5.27 billion. Equities analysts predict that Credit Suisse Group will post 0.27 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Credit Suisse Group by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,939,181 shares of the financial services provider's stock valued at $47,614,000 after acquiring an additional 294,425 shares in the last quarter. One Fin Capital Management LP bought a new position in shares of Credit Suisse Group during the fourth quarter valued at $4,820,000. Causeway Capital Management LLC increased its holdings in shares of Credit Suisse Group by 10.1% during the fourth quarter. Causeway Capital Management LLC now owns 1,747,147 shares of the financial services provider's stock valued at $16,842,000 after acquiring an additional 159,677 shares in the last quarter. Atria Investments LLC increased its holdings in shares of Credit Suisse Group by 25.8% during the third quarter. Atria Investments LLC now owns 131,968 shares of the financial services provider's stock valued at $1,301,000 after acquiring an additional 27,093 shares in the last quarter. Finally, Yousif Capital Management LLC bought a new position in shares of Credit Suisse Group during the fourth quarter valued at $396,000. Institutional investors own 13.58% of the company's stock.
About Credit Suisse Group (Get Rating)
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 wealth management solutions, including investment advice and discretionary asset management services; risk management solutions, such as managed investment products; and wealth planning, succession planning, and trust services.
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