Credit Suisse Group (CS) Receives Average Rating of “Buy” from Brokerages

Credit Suisse Group (NYSE:CS) has earned a consensus recommendation of “Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating on the company.

A number of research analysts recently commented on the stock. Citigroup Inc. reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Thursday. Morgan Stanley reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of Credit Suisse Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Deutsche Bank AG raised shares of Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Monday, June 19th.

A number of hedge funds have recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its stake in Credit Suisse Group by 5.0% in the second quarter. JFS Wealth Advisors LLC now owns 7,036 shares of the financial services provider’s stock valued at $103,000 after buying an additional 338 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Credit Suisse Group during the first quarter valued at approximately $148,000. Edge Wealth Management LLC acquired a new stake in Credit Suisse Group during the first quarter valued at approximately $149,000. Greenleaf Trust purchased a new stake in shares of Credit Suisse Group during the first quarter worth $151,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Credit Suisse Group during the first quarter worth $153,000. 2.94% of the stock is owned by institutional investors.

Shares of Credit Suisse Group (NYSE CS) traded down 0.4285% during mid-day trading on Friday, reaching $14.8959. 1,833,258 shares of the company were exchanged. The firm’s market capitalization is $38.03 billion. Credit Suisse Group has a 12 month low of $11.85 and a 12 month high of $16.17. The company’s 50 day moving average price is $15.06 and its 200 day moving average price is $14.86.

Credit Suisse Group (NYSE:CS) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.05. Credit Suisse Group had a negative net margin of 4.84% and a negative return on equity of 2.93%. The company had revenue of $5.28 billion for the quarter. Equities analysts anticipate that Credit Suisse Group will post $1.08 earnings per share for the current year.

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Credit Suisse Group Company Profile

Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company’s segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions.

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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