Goldman Sachs Group, Inc. (The) Reaffirms “Buy” Rating for Credit Suisse Group (NYSE:CS)

Credit Suisse Group (NYSE:CS)‘s stock had its “buy” rating reissued by equities researchers at Goldman Sachs Group, Inc. (The) in a research note issued on Friday.

Other equities analysts have also issued research reports about the company. Morgan Stanley reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Tuesday, June 20th. Bank of America Corporation initiated coverage on Credit Suisse Group in a research report on Monday, June 19th. They issued a “buy” rating for the company. Deutsche Bank AG raised Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Monday, June 19th. BidaskClub raised Credit Suisse Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Credit Suisse Group in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $17.00.

Shares of Credit Suisse Group (CS) opened at 14.96 on Friday. Credit Suisse Group has a one year low of $11.85 and a one year high of $16.17. The stock has a 50 day moving average of $15.06 and a 200 day moving average of $14.86. The stock’s market cap is $38.20 billion.

Credit Suisse Group (NYSE:CS) last announced its earnings results 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 business had revenue of $5.28 billion for the quarter. On average, analysts forecast that Credit Suisse Group will post $1.08 EPS for the current year.

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Several institutional investors have recently bought and sold shares of CS. JFS Wealth Advisors LLC raised its position in shares of 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 worth $103,000 after buying an additional 338 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Credit Suisse Group during the first quarter worth $148,000. Greenleaf Trust acquired a new position in shares of Credit Suisse Group during the first quarter worth $151,000. Two Sigma Securities LLC acquired a new position in shares of Credit Suisse Group during the first quarter worth $153,000. Finally, Fiera Capital Corp acquired a new position in shares of Credit Suisse Group during the second quarter worth $164,000. 2.94% of the stock is owned by hedge funds and other institutional investors.

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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