ValuEngine cut shares of Credit Suisse Group (NYSE:CS) from a hold rating to a sell rating in a research note issued to investors on Friday.

Several other analysts have also weighed in on CS. Zacks Investment Research lowered Credit Suisse Group from a buy rating to a hold rating in a research note on Wednesday, August 22nd. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Credit Suisse Group in a research note on Tuesday, September 4th. Finally, Deutsche Bank reaffirmed a buy rating on shares of Credit Suisse Group in a research note on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $17.00.

CS opened at $14.85 on Friday. The firm has a market cap of $37.96 billion, a PE ratio of 27.50 and a beta of 1.34. Credit Suisse Group has a 52-week low of $14.63 and a 52-week high of $19.98. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 3.81.

Credit Suisse Group (NYSE:CS) last released its earnings results on Tuesday, July 31st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). The company had revenue of $5.68 billion for the quarter. Credit Suisse Group had a positive return on equity of 4.31% and a negative net margin of 1.51%. equities analysts forecast that Credit Suisse Group will post 1.25 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in CS. Signaturefd LLC bought a new position in Credit Suisse Group in the first quarter valued at about $102,000. Chilton Investment Co. LLC bought a new position in shares of Credit Suisse Group during the second quarter worth about $149,000. Montag A & Associates Inc. bought a new position in shares of Credit Suisse Group during the first quarter worth about $176,000. Jump Trading LLC bought a new position in shares of Credit Suisse Group during the first quarter worth about $187,000. Finally, Verition Fund Management LLC bought a new position in shares of Credit Suisse Group during the first quarter worth about $192,000. 2.80% of the stock is currently owned by institutional investors and hedge funds.

About Credit Suisse Group

Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. It operates through six segments: Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, and Strategic Resolution Unit. 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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Analyst Recommendations for Credit Suisse Group (NYSE:CS)

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