Credit Suisse Group (CS) Downgraded by ValuEngine to “Sell”

ValuEngine lowered shares of Credit Suisse Group (NYSE:CS) from a hold rating to a sell rating in a research note released on Wednesday.

A number of other brokerages have also commented on CS. Zacks Investment Research raised Credit Suisse Group from a hold rating to a buy rating and set a $22.00 price objective on the stock in a report on Tuesday, January 23rd. Barclays assumed coverage on Credit Suisse Group in a report on Tuesday, January 16th. They issued an underweight rating on the stock. Societe Generale raised Credit Suisse Group from a hold rating to a buy rating in a report on Thursday, February 15th. Finally, JPMorgan Chase reaffirmed a buy rating on shares of Credit Suisse Group in a report on Wednesday, March 7th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $21.00.

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CS opened at $16.16 on Wednesday. Credit Suisse Group has a 1-year low of $13.28 and a 1-year high of $19.98. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 4.10. The firm has a market capitalization of $41,305.15, a P/E ratio of 26.93 and a beta of 1.44.

Credit Suisse Group (NYSE:CS) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.07 EPS for the quarter. Credit Suisse Group had a positive return on equity of 3.24% and a negative net margin of 3.14%. The firm had revenue of $5.26 billion for the quarter. equities analysts expect that Credit Suisse Group will post 1.29 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its stake in Credit Suisse Group by 7.0% in the fourth quarter. Aperio Group LLC now owns 983,295 shares of the financial services provider’s stock valued at $17,552,000 after buying an additional 64,171 shares in the last quarter. Capital Fund Management S.A. boosted its stake in Credit Suisse Group by 49.8% in the fourth quarter. Capital Fund Management S.A. now owns 364,694 shares of the financial services provider’s stock valued at $6,510,000 after buying an additional 121,316 shares in the last quarter. Jane Street Group LLC boosted its stake in Credit Suisse Group by 555.7% in the third quarter. Jane Street Group LLC now owns 194,189 shares of the financial services provider’s stock valued at $3,068,000 after buying an additional 164,574 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in Credit Suisse Group by 97.0% in the third quarter. First Republic Investment Management Inc. now owns 88,177 shares of the financial services provider’s stock valued at $1,393,000 after buying an additional 43,411 shares in the last quarter. Finally, FDx Advisors Inc. boosted its stake in Credit Suisse Group by 42.3% in the fourth quarter. FDx Advisors Inc. now owns 79,843 shares of the financial services provider’s stock valued at $1,425,000 after buying an additional 23,716 shares in the last quarter. 3.00% of the stock is currently owned by institutional investors.

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About Credit Suisse Group

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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